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Middle East Wealth Management Forum 2020 - Exclusive Insights - Sunita Singh Dalal

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1. Which jurisdictions do GCC based clients prefer to utilise for their wealth planning / trust structures? Is there any evidence of movement from traditional centres to new locations?

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1. Which jurisdictions do GCC based clients prefer to utilise for their wealth planning / trust structures? Is there any evidence of movement from traditional centres to new locations?

Traditionally, GCC families have segregated their wealth between jurisdictions and geographical location. Traditionally, GCC families have also looked at the more tried-and-tested jurisdictions, such as the Channel Islands or the BVI and Cayman. However, I think what is very important to bring to everyone's attention now is that in terms of their asset portfolio that is actually geographically located in the GCC, we are able to provide them with, if you like, domestic solutions that do work for succession planning purposes, for the preservation of wealth purposes, for good family governance and family constitution purposes, and most importantly, to ensure smooth continuity of operational businesses that have been created, perhaps, three to four decades ago.

 

 
 
 
 

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