Dubai established the DIFC 20 years ago, as part of its strategy to develop as an international financial services jurisdiction and it has now become the principle financial centre for the GCC region, serving the wider Middle East and attracting many multi-nationals from both the West and Far East. Increasingly popular as a residency destination for HNWIs, Dubai has also invested in business districts and attracted many global brands to set up regional bases in the UAE, serving high growth markets such as Africa and South Asia.

A substantial proportion of NSM’s client base are Middle Eastern families which determined the UAE as the choice of location for our second office. NSM has maintained a DIFC rep office since 2019, regulated by the DFSA, from which to market the services offered by the group, both offshore from Guernsey and onshore from London.