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Cases · People & private matters · Family, succession & private client

Set up a family office

How do we set up a family office, and in which country?

WONE Global compares locations and coordinates set-up, licensing, staffing and governance for the family office.

Countries in the typical case United Kingdom · United Arab Emirates

The situation

What is happening

A family wants a dedicated office to manage investments, reporting and administration.

What is at stake

The wrong location or structure creates tax, licensing and governance problems for the family.

Who faces this

  • Private clients and families

A scenario

FamilyPrivate client or family · from United Kingdom · in United Arab Emirates

It is moving its family office from London to Dubai.

Where it ends A family office running in Dubai.

A representative scenario of the work WONE Global coordinates, not a specific client’s matter.

Also asked as “Single family office set-up”“Family office location: Dubai, Singapore, Switzerland”“A family office requires consolidated wealth reporting”

The solution

How WONE Global handles it

WONE Global compares locations and coordinates set-up, licensing, staffing and governance for the family office.

Usually led by Setting up and running a company, with Licences, permits and regulators, Tax and structuring and Employment, payroll and immigration.

Step by step, in the scenario

  1. Weeks 1-3Structure and licences.
  2. Weeks 4-8Set-up and staffing.
  3. Weeks 9-10Banking.
  4. ThenOperating.

Timings are typical. They depend on the countries, the authorities involved and how quickly documents are available.

Decisions

The decisions involved

  1. 01Single or multi-family office, and where
  2. 02Licensing, tax and staffing
  3. 03Governance and reporting

Outcomes

What you receive

  • A family office structure
  • Licences and registrations
  • Governance and reporting rules

This is a general guide. Your WONE Global professional confirms the work, timing and fees for your markets before anything starts.

Who handles it

Setting up and running a company, market by market

The status of the lead service in the markets that matter for this case. A named WONE Global Partner acts under their own licence; where none is in place yet, WONE Global confirms availability before anything else.

  1. United Arab Emiratesin the typical case WONE Global Partner Dr Hajra Nazir · Head Corporate Advisory / Consultancy Division Brief this Partner →
  2. United Kingdomin the typical case On request Availability confirmed before any work begins Bring a requirement →
  3. Austria WONE Global Partner Mag. Mario Haider · Tax Consultant Brief this Partner →
  4. Rwanda WONE Global Partner Lydie N. Murorunkwere · Founder & Managing Director Brief this Partner →
  5. India On request Availability confirmed before any work begins Bring a requirement →
  6. Saudi Arabia On request Availability confirmed before any work begins Bring a requirement →
  7. Singapore On request Availability confirmed before any work begins Bring a requirement →
  8. United States On request Availability confirmed before any work begins Bring a requirement →

Other markets: WONE Global covers 100 countries. Name yours in the requirement →

Dr Hajra NazirDubai · United Arab Emirates

WONE Global Capability Partner · United Arab Emirates

Dr Hajra Nazir

Head Corporate Advisory / Consultancy Division · VASS International Auditing & Consultants · Dubai

Dr Hajra Nazir is qualified Professional Doctorate (PD) in Business Advisory & Compliance with prestigious organizations in the field of Corporate Advisory, Business Administration, Law, Commerce, Applied Economics etc.…

Katherin Diaz VelillaBogotá · Colombia

WONE Global Capability Partner · Colombia

Katherin Diaz Velilla

Complete profile

Co-Founder · V&V Associates · Bogotá

International tax attorney and strategic advisor with 12+ years across Colombia's DIAN, Ministry of Finance, Senate, Presidency, and EY. Co-founder of V&V Asociados. Specializes in cross-border tax structuring, transfer…

WONE Global Intelligence

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UNBOUNDED™ · Global Business Circuit™

Work through UAE ↔ United Kingdom with the leaders doing it.

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The Global Business Circuit™

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WONE Global is one of the six institutions of the UNBOUNDED™ Global Ecosystem. Links open unboundedglobal.com. WONE Global in the ecosystem