New Delhi, April 30 -- According to 'Family Business Succession Planning'by PwC, the UAE government is working towards positioning Dubai as a centre for succession planning and legacy management through various initiatives. With significant intergenerational wealth transfer on the horizon-over USD 6.3 trillion globally by 2040,according to theUBS Billionaire Ambitions Report 2024.Dubai's tax efficiency, legal innovation, and family-friendly regulatory environment make it a preferred choice for high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) worldwide.

A Legal and Financial Framework Designed for ContinuityOne of the most aspects of Dubai's succession ecosystem is the independent common law framework offer...