corporate will in the UAE

How to Write a Corporate Will in Dubai?

Why making a Corporate Will is important for your company? If you are a director or a shareholder in a company, you know that responsible management often involves thinking about and planning for various potential outcomes and what-if scenarios, even those which may seem unlikely. One of such scenarios is death and having a Corporate Will written, but many owners and managers overlook it because it is uncomfortable to think about. Nevertheless, many previously successful and thriving businesses, in Dubai and elsewhere, collapsed or underwent serious troubles after the loss of a key person, when shares and decision making power ended up in hands of someone unable to run the company or when funds needed for the company’s operations remained locked for extended periods of time. This is particularly important when there are multiple directors, shareholders or partners involved. A Corporate Will is a simple and inexpensive, yet powerful measure to prevent that. wills2 Writing a Corporate Will in Dubai In order to protect your company and minimize the risk of your Corporate Will being challenged in the future, it is essential to make sure that it is written in line with local laws and regulations. Finding templates online and trying to write a Will on your own is of course not a responsible way to do it unless you are an expert in this area of Dubai’s legal system. It is advisable to seek professional help, which fortunately often comes at a very reasonable cost, especially when compared to the value at stake in the case that a controlling share in your company ends up in the wrong hands. wills1 How to find a professional Will writing service in Dubai? The criteria to consider when searching for a qualified and reputable Will writing provider are the same as those for any other kind of professional service. It is best when the company has proven history and its website shows sufficient contact details and information about key officials and their qualifications. Testimonials or references from past clients are also a good sign. For information on our Corporate Will writing services, please contact a qualified Holborn Assets adviser.

Ready to chat with
a specialist?

Get started

You may also be interested in

What is a high-net-worth individual and how do you become one?

Key points Net worth is a metric that gives a snapshot of your bigger financial picture. HNWIs are those with between £1 million and £5 million in liquid assets. Investments...

Read more

Lessons in Succession Planning from the British Royal Family

As we navigate through life, one thing remains certain: change is inevitable. Whether in our personal or financial lives, a solid plan for the future is crucial. When it comes...

Read more

How do I know when I’m ready to start investing?

Investing is a powerful tool. It can help build long-term wealth, achieve financial goals and secure your future. The question people often have is, ‘How do I know when I’m...

Read more
Spring Budget 2024

Spring Budget 2024 – What You Need to Know

The Conservative Party appears to be a ship heading towards an iceberg. When Ipsos published its latest UK opinion poll results and voting intention in February 2024, it showed Labour opening up...

Read more