Family offices
The regime is intended to support the orderly preservation and transfer of family wealth. Governance arrangements, ownership structures and succession mechanisms may be tailored to the family's objectives within the applicable legal and regulatory framework.
Confidentiality is protected through law rather than secrecy. Information is handled in accordance with statutory requirements, balancing legitimate privacy with regulatory transparency and international compliance standards.
The framework is expected to accommodate both Single Family Offices (SFOs) and Multi Family Offices (MFOs), enabling either the management of a single family's assets or the provision of services to multiple unrelated families, subject to the applicable licensing and regulatory requirements.