Family businesses are at the heart of the business community in the UAE and other countries, playing a significant part in driving the economy. Yet, there continues to be a hurdle in the transition of Family Businesses through the generations.
Planning and adopting appropriate governance and complying with different International Tax Jurisdictions is essential in helping Family Businesses prosper and thrive through those transitions, preserve wealth within the family and avoid disagreement and confusion. For a Family Business to endure, its management and control must inevitably pass from one generation to the next with a hassle-free process in place.
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