UAE Foundations – Understanding the Legal and Practical Considerations
Creative Zone is pleased to host a live webinar session on UAE Foundations, addressing the legal and practical considerations when establishing a foundation through RAK ICC.
We will be joined by industry experts Alan Bougourd of RAK ICC, and Sunita Singh-Dalal of Hourani & Partners.
The Key Takeaways Are:
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- Introduction to foundations in the UAE from a practical and legal perspective
- What to consider when setting up a foundation
- Foundation structuring options within RAK ICC
- Challenges to consider while operating a foundation
- What to know when making investments and contributing assets
Alan Bougourd
Registrar, RAK ICC
Alan has over 20 years' experience in the Guernsey financial services industry, including as Country Manager of Barclays. A former Chair of the Association of Guernsey Banks, Deputy Chairman of the Guernsey International Business Association and Registrar of Companies in Guernsey, Alan achieved his Bournemouth University MSc in Corporate Governance through the GTA University Centre. As Registrar of RAK ICC since 2018, Alan acts as a key check and balance for the RAK ICC International business, ensuring rigid regulatory compliance & governance, in addition to maintaining and developing relationships with registered agents and promoting the jurisdiction.
Sunita Singh-Dalal
Partner, Private Wealth and Family Offices, Hourani & Partners
Sunita advises significant business families, private clients, trustees, private banks, regulatory authorities and foreign law firms on Cross Border Estate and Succession Planning, Wealth Management, formulating and implementing Family Codes of Governance, Family Constitutions and establishing Family Offices.
Sunita is known for dedicating time to teaching and spreading awareness, of current legal and practical updates and developments in the regional private wealth sector, within the global advisory community. She believes that the success of the UAE as an IFC, is dependent upon the continual dissemination of knowledge and the correct application of current legislation when implementing cross border structures.
She is a full member of STEP (Africa and Arabia), regularly chairs and presents at international wealth management forums and is highly respected by members of the Global Private Client Industry.
Sunita is regarded as a leading authority on Middle East private client issues by global private wealth industry groups such as HUBBIS and PCD and has been consistently ranked by Chambers and Partners as a Private Client and High Net Worth Adviser. One interviewee remarks: “Sunita has a great knowledge of the market in the Middle East, is culturally aware and a great pleasure to work with.” Another says: “Sunita’s standing and reputation in the private wealth industry correlates with her very strong ability to handle complex and sophisticated private client matters.”
She is the only female lawyer in the UAE, the Kingdom of Saudi Arabia (and greater GCC) who is ranked as a Private Client Expert by Private Client Global Elite. She received the 2022 Private Client Lawyer of the Year Award.
She promotes women empowerment in MENA and SW Asia and is a professional mentor for female executives in the GCC.
Sunita is known for dedicating time to teaching and spreading awareness, of current legal and practical updates and developments in the regional private wealth sector, within the global advisory community. She believes that the success of the UAE as an IFC, is dependent upon the continual dissemination of knowledge and the correct application of current legislation when implementing cross border structures.
She is a full member of STEP (Africa and Arabia), regularly chairs and presents at international wealth management forums and is highly respected by members of the Global Private Client Industry.
Sunita is regarded as a leading authority on Middle East private client issues by global private wealth industry groups such as HUBBIS and PCD and has been consistently ranked by Chambers and Partners as a Private Client and High Net Worth Adviser. One interviewee remarks: “Sunita has a great knowledge of the market in the Middle East, is culturally aware and a great pleasure to work with.” Another says: “Sunita’s standing and reputation in the private wealth industry correlates with her very strong ability to handle complex and sophisticated private client matters.”
She is the only female lawyer in the UAE, the Kingdom of Saudi Arabia (and greater GCC) who is ranked as a Private Client Expert by Private Client Global Elite. She received the 2022 Private Client Lawyer of the Year Award.
She promotes women empowerment in MENA and SW Asia and is a professional mentor for female executives in the GCC.