Family Business Setup

Family Business Setup and Advisory Services

Building Legacies, Securing Futures

At Omam Legal Consultancy, we understand that family businesses are the backbone of the UAE economy, representing over 90% of private sector companies. Our comprehensive Family Business Setup and Advisory Services are designed to help you navigate the complexities of establishing, managing, and growing your family enterprise in the UAE.

Why Choose a Family Business Advisory Service in UAE?

  • Strategic Advantages
  • ● Tax-efficient wealth transfer between generations
  • ● Enhanced control over business operations and decisions
  • ● Preservation of family values and legacy
  • ● Access to preferential government initiatives for family businesses
  • ● Strong cultural alignment with UAE business practices
  • Long-term Benefits
  • ● Sustainable wealth creation across generations
  • ● Protected family interests through proper governance
  • ● Structured succession planning
  • ● Enhanced family unity and business continuity
  • ● Greater access to capital and business opportunities

Our family business setup and advisory services

  • 1. Family Business Setup and Structure
  • ● Legal entity formation and registration
  • ● Corporate structure optimization
  • ● Regulatory compliance management
  • ● Family office establishment
  • ● Documentation and licensing support
  • 2. Governance Framework Development
  • ● Family constitution creation
  • ● Board structure establishment
  • ● Family council formation
  • ● Decision-making protocols
  • ● Conflict resolution mechanisms
  • 3. Succession Planning
  • ● Next-generation leadership development
  • ● Ownership transition planning
  • ● Estate planning and wealth preservation
  • ● Business continuity strategies
  • ● Family member roles and responsibilities definition
  • 4. Advisory Services
  • ● Strategic business planning
  • ● Risk management and compliance
  • ● Financial advisory and planning
  • ● Market expansion strategies
  • ● Performance monitoring and evaluation

Why Choose Omam Legal Consultancy?

Expertise That Matters 

  • ● 20+ years of experience in UAE family business law
  • ● Deep understanding of local business culture and regulations
  • ● Multilingual team of legal experts and business advisors
  • ● Strong track record of successful family business setups
  • ● Comprehensive knowledge of UAE corporate governance

Our Approach

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  • 1. Personalized Solutions
  • - Customized strategies based on your family's unique needs
  • - Tailored governance structures
  • - Family-specific succession plans
  • 2. Holistic Support
  • - End-to-end service delivery
  • - Ongoing advisory support
  • - Regular review and updates of family business structures
  • 3. Professional Excellence
  • - Dedicated relationship managers
  • - Regular communication and updates
  • - Transparent fee structure
  • - 24/7 support availability

The Omam Advantage

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  • Industry Leadership
  • ● Recognized as a leading family business advisor in the UAE
  • ● Strong relationships with government authorities
  • ● Active membership in Family Business Council Gulf
  • ● Regular participation in industry forums and conferences
  • Client Success Stories
  • ● Successfully established over 200 family businesses in the UAE
  • ● Helped transition 50+ businesses to next-generation
  • ● Resolved complex family business disputes
  • ● Structured numerous successful family offices

Frequently Asked Questions (FAQs)

General Family Business Questions
A: A family business in the UAE is a company where the majority ownership and control lies within a single family across multiple generations. These businesses form the backbone of the UAE economy, representing about 90% of the private sector.
A: Business advisory services play a crucial role in helping organizations achieve their goals through expert guidance and support. Key advisory functions include:
  • Strategic planning and decision-making support
  • Risk management and compliance oversight
  • Succession planning and governance structuring
  • Financial optimization and growth strategies
  • Operational efficiency improvements
  • Market analysis and competitive positioning
  • Technology adoption and digital transformation guidance
A: Starting a family business in the UAE involves several key steps:
  1. Choose your business activity and legal structure
  2. Select a suitable jurisdiction (mainland, free zone, or offshore)
  3. Obtain initial approvals from relevant authorities
  4. Arrange for physical office space
  5. Apply for licenses and permits
  6. Open corporate bank accounts
  7. Establish family governance structures

Business Setup & Consultancy

A: Business setup consultants provide comprehensive services including:
  • License and permit procurement
  • Document preparation and processing
  • Location selection assistance
  • Bank account setup support
  • Visa processing
  • Legal and regulatory compliance guidance
  • Local sponsor arrangements (if required)
A: Business Bay offers numerous advantages:
  • Central Dubai location
  • Premium office spaces
  • Excellent infrastructure
  • Strong business community
  • Proximity to Dubai International Financial Centre
  • Easy access to transportation
  • Flexible licensing options

Family Office Services

A: A single-family office in Dubai is a private organization that manages wealth, investments, and operations for one wealthy family. SFOs typically handle:
  • Wealth management and preservation
  • Investment strategy
  • Tax planning
  • Philanthropy
  • Family governance
  • Succession planning
  • Risk management
A: Key requirements include:
  • Minimum asset threshold (varies by jurisdiction)
  • Office space in approved locations
  • Proper licensing and registration
  • Qualified staff and management team
  • Compliance with DFSA regulations (if in DIFC)
  • Corporate structure documentation
  • Family governance framework

Family Business Governance

A: A Family Business Council is a governing body that:
  • Manages family business relationships
  • Sets strategic direction
  • Establishes policies and procedures
  • Resolves family disputes
  • Oversees succession planning
  • Maintains family values and legacy
  • Ensures business continuity
A: Effective succession planning involves:
  1. Early identification of potential successors
  2. Structured training and development programs
  3. Clear governance frameworks
  4. Professional advisory support
  5. Documentation of processes and procedures
  6. Regular family council meetings
  7. Fair and transparent selection criteria
A: Key resources include:
  • UAE Family Business Network
  • Dubai Chamber of Commerce
  • Abu Dhabi Department of Economic Development
  • DIFC Family Business Centre
  • Professional advisory firms-Omam Legal Consultants
  • Local business setup consultants
  • Family Business Council – Gulf

Get Started

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Take the first step towards securing your family's business legacy. Our team of experts is ready to help you navigate the complexities of family business setup and management in the UAE.

Schedule a Consultation:

● Phone: +971528447283
● Email: info@omamconsultancy.com
● Location: Office 2002 - Creative Tower - Hamad Bin Abdulla Road - Fujairah - United Arab Emirates

Additional Resources 

  • Knowledge Center
  • ● Family Business Setup Guide
  • ● Governance Best Practices
  • ● Succession Planning Handbook
  • ● Legal Framework Overview
  • ● Industry Insights and Updates
  • Regular UpdatesSubscribe to our newsletter for:
  • ● Legislative updates
  • ● Industry trends
  • ● Best practices
  • ● Event invitations
  • ● Success stories

Omam Legal Consultancy - Your Trusted Partner in Family Business Success

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How to set up a logistics company

CONTACT US



    Our Process

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    • 1. Initial Consultation
    • ● Understanding family business objectives
    • ● Assessing current structure and needs
    • ● Identifying potential challenges
    • ● Preliminary recommendations
    • 2. Strategic Planning
    • ● Developing customized solutions
    • ● Creating implementation roadmap
    • ● Defining timelines and milestones
    • ● Resource allocation planning
    • 3. Implementation
    • ● Execute agreed strategies
    • ● Handle legal documentation
    • ● Establish governance structures
    • ● Set up reporting mechanisms
    • 4. Ongoing Support
    • ● Regular review meetings
    • ● Performance monitoring
    • ● Advisory services
    • ● Updates and modifications as needed

    Areas of Expertise

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    • Industry Specializations
    • ● Real Estate and Construction
    • ● Retail and Trading
    • ● Manufacturing
    • ● Hospitality
    • ● Healthcare
    • ● Technology
    • Geographic Coverage
    • ● Dubai
    • ● Abu Dhabi
    • ● Sharjah
    • ● Other UAE Emirates
    • ● GCC Region
    Request Information
    Fill out our online form to receive:
    • Detailed service brochure
    • Case studies
    • Pricing information
    • Free initial consultation scheduling

    Legal and Regulatory Framework

    A: Important legal considerations include:
    • Company ownership structure
    • Succession and inheritance rules
    • Shareholder agreements
    • Corporate governance requirements
    • Family constitution development
    • Dispute resolution mechanisms
    • Compliance with UAE Commercial Companies Law

    Business Setup Companies and Services

    A: Consider these factors:
    • Track record and experience
    • Range of services offered
    • Industry expertise
    • Client testimonials
    • Pricing transparency
    • Local authority relationships
    • After-setup support services
    A: Success factors include:
    • Strong family governance
    • Professional management
    • Clear succession planning
    • Adaptation to market changes
    • Innovation and modernization
    • Maintaining family values
    • Strategic advisory support

    REQUEST A FREE CONSULTATION AND APPOINTMENT

    omam legal consultancy
    omam legal consultancy