30 August 2021
How we have helped our clients with their complex matters successfully
Client Nationality:UK based family of Indian origin
Client Profile:Ultra-High Net Worth Family
Summary:Our client was looking to buy Real Estate assets in Dubai with a well-structured succession plan put it place to ensure assets were passed to next generation smoothly.
What we did:Sanctuary set up a foundation within Abu Dhabi Global Market (ADGM). Sanctuary were appointed as Council Members to supervise the Foundation and help the client control their assets effectively.
Client Profile:Owner of a global fine jewellery store
Summary:Our client wanted to establish a presence in the UAE and set up a store in Dubai Mall with an activity that had never been undertaken in the UAE or approved by the licensing authority before and we were appointed to create the activity for our client.
What we did:Sanctuary spoke with the Dubai Health Authority (DHA) and the Dubai Department of Economic Development (DED) to get the regulations put in place for the activity. After successful submission of all documents, the CEO of the Dubai Health Authority gave first-hand approval to create the license for our client.
Client Nationality:Singapore based company
Client Profile:Globally known high-net worth private banking company
Summary:Our client wanted to form a UAE mainland company and have direct control over the 51% shareholding.
What we did:To make sure our client had direct control of the 51%/49%, we created a holding entity in Abu Dhabi Global Market (ADGM), giving the client effective management of all assets.
Client Profile:High Net Worth Entrepreneur
Summary:Our client, who is a substantial business owner in the UK, had recently set up a second business and wanted advice around relocating to Dubai, UAE. He needed advice around UK and UAE tax, pre-immigration planning (keeping in mind his tax affairs) and relocation.
What we did:We gave him detailed advisory services around his relocation move and set up a company for him in the UAE. In return, our client managed to smoothly transition to the UAE with full clarity on his businesses and personal affairs.
Client Profile:High net worth lady (wealth gifted by her father)
Summary:Our client, whose father is a business tycoon, inherited gifts from him. She needed to structure her inheritance gifts to protect her wealth and assets.
What we did:We set up a Trust for her, where we had the ability to act as the Trustees. This enabled our client to plan her succession and protect her wealth.