UAE Issues Federal Decree Law to Boost Performance of Wealth Management

UAE Issues Federal Decree Law to Boost Performance of Wealth Management

Family-owned companies will be among the top beneficiaries of this Decree-Law, as the founders and owners of these companies will be able to develop sustainable, long-term plans for the future of the companies' assets, said a Wam news agency report.

 

The law provides venture capitalists an integrated system enabling them to manage their own wealth as a financial trust by competent and qualified persons or institutions well versed with various investment patterns and their risks, and how to deal with them in the best possible way.

 

The Decree-Law falls within the government's continuous efforts to enhance the efficiency of financial legislation and policies in the country and provides a competitive environment in a way that contributes to protecting capital, drawing foreign investments, creating a safe, business-friendly environment, and diversifying tools to protect