In the past decade the UAE has witnessed a consistent increase in the number of HNWIs and UHNWIs relocating to the UAE, due to a variety of reasons ranging from incentivized long-term residency schemes, nominal taxation, access to superior healthcare, infrastructure and education to a vibrant economy that remained open to business despite the global…
The UAE and KSA have each witnessed new developments with the enactment of legislation designed to support family businesses and provide them with robust ownership options and mechanisms to sustain effective governance and management. The stability of all family businesses is critical to ensuring the ongoing economic stability of these key strategic Middle Eastern…
Hourani & Partners is proud to announce the launch of The Hourani Roundtable Series 2023, an exclusive roundtable designed to drive meaningful discussions and foster progress in the Middle East between the private wealth community and business families. The inaugural event took place in Riyadh, focusing on Succession & Family Governance in the Kingdom,…
The UAE has finally enacted the UAE corporate tax law of 2022, which is expected to come into force in June 2023 (Corporate Tax Law). It will introduce the UAE’s first ever corporate tax regime at the introductory rate of 9%. The Corporate Tax Law currently regards foundations and similar wealth consolidation structures as…
