Difference between trust and foundation

A trust is essentially an agreement between two parties, the settlor and the trustee, and it does not need to registered to be effective. Pursuant to a trust deed, the settlor will transfer his properties to the trustee, where the trustee will then hold on to all the properties but for the sole benefit of […]

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How is a Trust Taxed?

The taxation of trusts is not straightforward. Because a trust is a relationship, not a person, it does not fit neatly in the categories of individual or corporation. Further, even though the trustee has legal title to the trust assets, the assets really belong to someone else, i.e. the beneficiary or beneficiaries. Despite this, most […]

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Foundations – a Trust Alternative

The ADGM has been promoting foundations as a vehicle for wealth and estate planning. Many people think of foundations as philanthropic organizations. However, ADGM foundations have great utility as a vehicle for private family wealth and especially family offices. ADGM foundations combine characteristics of trusts and corporations – assets are managed by directors of the […]

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UAE Trusts and Foundations for Tax-efficient Wealth Preservation

Trusts have been around a long time. Even though the Dubai International Finance Centre (DIFC) and the Abu Dhabi Global Market (ADGM), both free zones with their own bespoke legal systems, only introduced trusts in recent years, trusts and similar legal instruments have a long history spanning multiple legal systems. The trust most familiar to […]

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«الاتحادية العليا»: الشيك لا يبرئ ذمة المدين قبل السداد

أكدت المحكمة الاتحادية العليا أن الشيك وسيلة دفع وإبراء متى ما استوفى شروطه، ووقع سداد رصيده للمستفيد، وأن قبول الدائن عملية السداد بواسطة شيك لا يعني بالضرورة براءة ذمة المدين قبل إتمام عملية العرض على البنك وحصول السداد، كما أن قبول شيك مسحوب على جهة غير المدين الأصلي لا يعني كذلك أن الدائن قد قبل […]

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International Franchise Exhibition (IFE) from 16-17 Oct 2018- Abu Dhabi National Exhibition Center

the International Franchise Exhibition (IFE) from 16-17 Oct 2018- Abu Dhabi National Exhibition Center IFE is one of the most successful franchise exhibitions in the world organised by Abu Dhabi Chamber for the past five years, which has been very successful in attracting international visitors and exhibitors and in achieving the targets http://www.ife-ad.com HOME ABOUT […]

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China Import and Export Fair (Canton Fair)

START 23 Oct 2018, 9:00 AM END 27 Oct 2018, 5:00 PM WHERE معرض كانتون، مدينة غوانزو، الصين Show on the map

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How Quality Professionals Can Manage Risk

Quality Risk Management Quality doesn’t exist in a silo. It impacts every part of an organization – its departments and its people. Our role as quality professionals may appear to be focussed on just one element of quality within a department or the organization but to effectively manage risk, we must move out of our […]

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From 01 – 05 July 2018 ( Accounts for Non-Accountants)

From 01 – 05 July 2018 ( Accounts for Non-Accountants)

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From 15 – 19 July 2018 ( best practice in preparing budgeting and projects cost control)

From 15 – 19 July 2018 ( best practice in preparing budgeting and projects cost control)

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