{"id":2837,"date":"2024-10-23T16:11:29","date_gmt":"2024-10-23T12:11:29","guid":{"rendered":"https:\/\/saifalshamsiadvo.com\/?p=2837"},"modified":"2024-10-23T16:13:10","modified_gmt":"2024-10-23T12:13:10","slug":"setting-up-a-trust-in-uae","status":"publish","type":"post","link":"https:\/\/saifalshamsiadvo.com\/ar\/setting-up-a-trust-in-uae\/","title":{"rendered":"Setting up a Trust in UAE"},"content":{"rendered":"
Introduction<\/strong><\/h5>\n\n\n\n

The concept of trusts has become increasingly relevant in the UAE as the nation adapts to the growing demand for sophisticated estate planning, asset protection, and wealth management. With its expanding expatriate population and burgeoning business activities, the UAE has introduced a trust law framework that aligns with international standards. This article explores the latest developments in UAE trust law, the legal framework surrounding trusts, and the key benefits for individuals and businesses.<\/p>\n\n\n\n

The Legal Framework for Trusts in the UAE<\/strong><\/h5>\n\n\n\n

Historically, the UAE lacked a dedicated legal structure governing trusts. However, the legal landscape has evolved significantly with the enactment of the UAE Trust Law (Federal Law No. 3 of 2020), which formally recognizes and regulates trusts for the first time. This, alongside the UAE Civil Code and the specialized trust laws in free zones like the Dubai International Financial Centre (DIFC)<\/a> and Abu Dhabi Global Market (ADGM)<\/a>, provides a comprehensive framework for the creation and management of trusts.<\/p>\n\n\n\n

Key Laws Governing Trusts in the UAE<\/strong><\/h5>\n\n\n\n

Several laws now provide the foundation for trust regulations in the UAE:<\/p>\n\n\n\n