Ensuring assets pass smoothly from one generation to the next requires careful planning, especially for overseas assets. Asset protection experts agree that a trust in a properly selected jurisdiction provides the strongest worldwide asset protection vehicle, however, to ensure full and proper protection, expert advice is vital.
What is Trust and Generation Planning?
A trust protects assets and secures your family’s future benefits. A trust is created when someone (often referred to as the settlor) transfers legal title to someone else (the trustee) to hold for the benefit of the original owner or third party (the beneficiary). The property itself is often referred to as the “trust fund.” The “trust” is the relationship between the trustee and the beneficiaries.
Belita Facilities Management Services Co. LLC specialises in designing and implementing trust arrangements and can advise on how to correctly draft trust arrangements that provide continuity of ownership and a seamless transfer of assets to chosen beneficiaries without the inconvenience of probate, forced heirship, or inheritance taxes.
Trusts of Any Size
Trusts and generation planning are not limited to a certain income bracket. Any individual or family who feel that they can benefit from wealth protection now and wants to protect their assets for the next generation can benefit from a trust or generation planning. Belita Facilities Management Services Co. LLC provides expert advice regarding the variety of trust and generation planning vehicles available and guides clients to make an informed decision to best protection their interests.
When investing overseas, the tax implications of buying, owning and selling properties are of primary importance, but they can also be confusing due to inheritance tax, capital gains tax, or the vagaries of forced heirship. In the UAE, the Freehold Property Ownership Law allowing non-UAE nationals to own properties, has led to a continued boom in the real estate market. Overseas buyers account for a large proportion of properties transactions in Dubai as well as in the other Emirates.
By owning real estate through a company, real estate investors better protect their asset than if the property is owned individually. Belita Facilities Management Services Co. LLC strongly advises that serious consideration be given to purchasing property via a corporate structure.
Belita Facilities Management Services Co. LLC assists with the incorporation of offshore companies in various jurisdictions around the world, including UAE, to own property on behalf of individuals, investors, and companies.
Why own through a company?
Structuring the right type of ownership vehicle can protect your interests now and for inheritance. The UAE applies Islamic Sharia Laws for inheritance of personal effects and real estate. Islamic Sharia is very different to common law and civil law in many countries as it enforces a set inheritance scheme. However, with the correct advice, you can avoid complicated inheritance procedures through the use of an offshore company because passing on shares in a company is often more controllable than controlling individual properties.
Company ownership of a property provides an easy method for joint investment, confidentiality, and organising assets under a manageable structure. When an offshore company holds a property, the company’s owners or partners own the shares of the company and the company’s name appears on the title deed rather than the individual.
As ever, circumstances and future plans are unique to each client and tailored advice is vital. If you would like to speak with us about company formation in Dubai, offshore companies in UAE or require specific country focused advice, please contact us at This email address is being protected from spambots. You need JavaScript enabled to view it.
Business setup in Dubai, as well as any other part of the world, requires a quality working relationship with a bank that understands your needs. As one of the top three largest sectors in the Gulf Region, the UAE’s financial sector has an impeccable reputation thanks to the policies of the Central Bank of the United Arab Emirates, which sets high standards, making the banks of Dubai and other Emirates of the UAE among the most reliable in the world. Most banks in the UAE offer low tariffs on banking services, a simplified reporting system, and high customer service quality with very competitive fees. Practically all banks in the UAE have effective service with access through Internet and telephone banking systems, which makes opening a bank account in Dubai and the UAE a very attractive and cost-efficient option.
Due to our long-term relationships with banks in the UAE, as well as with highly reputable and reliable offshore banks, Belita Facilities Management Services Co. LLC ensures the most suitable banking solution for our clients to satisfy their requirements. To assist in that process, we advise clients in developing comprehensive business plans, clearly setting out geographical areas of business activity, trading experience, and revenue projections.
Whether co-investing in Startups, Lending Money to SMEs or Acquiring Football Clubs, we are the perfect solution to structure your deal - Instantly. Special Purpose Vehicles (SPV) play a vital role in the efficient operation of nearly all types of investment funds, whether compartmentalising finances, transferring risk or easing asset transfer. Sub-fund SPVs, including HoldCos, FinanceCos, LeaseCos and BidCos, all serve a specific purpose and must be set up expertly and diligently if they are to meet their goals. This can easily become complex, especially where several jurisdictions are involved. As investment managers increasingly operate beyond their home territories, often with complex international investment structures, they must address new – and increasingly stringent – regulations. Stronger governance, increased oversight and more transparent reporting are some of the measures that form part of the tighter SPV regulatory framework. We have extensive experience providing SPV services to thousands of special purpose vehicles globally. From establishing an SPV to day-to-day SPV management and reporting, we optimise the corporate operations of sub-fund SPVs, allowing clients to focus on their core capabilities. At Belita Facilities Management Services Co. LLC, we have extensive experience providing accounting, cash management and corporate services for SPVs, taking away the administrative burden for investment managers globally. We coordinate all activities linked to SPV operation. We make a complex world simple. Belita Facilities Management Services Co. LLC is the leading provider of administrative support services for international business expansion – organically or through M&A – and investment funds. We are among the top companies worldwide to provide the combination of fiduciary, company secretarial, accounting and tax and HR and payroll services essential to the success of businesses investing, operating and expanding across multiple jurisdictions. We know how to unlock access to some of the world’s most attractive markets – no matter how complex – swiftly, safely and efficiently. Beyond the initial establishment of SPVs, we can deliver a suite of related services to administer them – forming legal entities, opening bank accounts, and providing company secretarial, directorship and fiduciary services, and book-keeping and financial statements.
At Belita Facilities Management Services Co. LLC, we are committed to providing you with the finest possible Insurance service, your needs are a priority to us. Offering insurance services and expert advice on a range of insurance products. We enable you to make the most informed decision in regard to insuring your business. Our services allowing for maximum flexibility when handling your cover to ensure it is exactly what you need. Our experts have the ability to explain the complexities of an insurance policy that will enable you to make the most informed decision to take out insurance for your business. If your business operates in an environment where there is a risk of accident to your staff, liability insurance will be an important asset to your business. We act as your broker to determine where to source the most appropriate cover for you. Protect your business to ensure you are able to safeguard the source of your income and livelihood. Looking for the right insurance for your home can be daunting, as there are so many Home and Contents insurance products available on the market. Rather than going through the research process on your own, our team of brokers will work with you to find the policy that suits your needs. If you are a property owner and you are renting to tenants, there is always a risk that the property could be damaged by the occupiers or other outside forces. Speaking to our team can ensure that you are covered should anything happen. Ensure your investment property is adequately covered with the appropriate coverage.
Should anything happen to your vehicle, you need to be prepared. Our team will work with you to determine which policy suits your vehicle and on-road requirements, whether it is comprehensive car insurance, third party fire and theft, or third party property insurance. We take all the stress out of obtaining a car insurance quote and can assess whether you are receiving the right policy for your needs. Our team works with all of the top insurers to ensure you obtain the right coverage at a competitive rate. If your looking to cover your business’ fleet of vehicles we can develop policies suited to your industry and workforce. We work with you to prepare tailored policies for single vehicle operators through to fleets of vehicles. Claiming on your motor insurance is most common claim you are likely to make. Our team can assist you through the entire claim process and will work with you to ensure you receive what you are entitled to. We also provide flexible, tailored marine insurance for importers, exporters, distributors and manufacturers, vessel charterers/operators, inland marine and marine operations worldwide. Our global network spans more than 100 countries, making us a truly global marine insurer for a truly global industry. From goods in transit to the vital support services for the marine industry, we offer tailored protection to cater to each customer’s needs. Our local and regional recovery specialists focus on achieving maximum recovery on every claim, reducing the impact of the loss for our customers and helping to keep premiums down.
Belita Facilities Management Services Co. LLC is an independent specialist in Surety Bonds underwriting and our surety experts provide an industry-leading, innovative bond consulting service to organisations across the world. With decades of specialist Surety experience we are perfectly positioned to assist clients of all sizes to obtain a full range of bonds and guarantees for projects around the world. As specialists in this sector we pride ourselves on our detailed knowledge and ability to understand our client's varied needs irrespective of which business sector they operate in. Whether you require a one off bond or are looking to obtain a new bond facility, replace an old facility or are seeking additional facilities we have the specialist knowledge to help you. Regardless of how complex or simple your needs, we are here to assist. Belita Facilities Management Services Co. LLC’s Surety Practice provides a complete solution for sourcing surety bonds. From arranging bond facilities and ensuring adequate capacity, to providing advice on bond wordings and indemnity negotiation, we bring together the scale, scope, and intellectual capital of the organisation to deliver innovative and high-quality surety risk solutions, domestically and globally. Belita Facilities Management Services Co. LLC has developed long-standing relationships with the leading global surety needs, which enables us to source and develop surety solutions for you whilst aiming to deliver very competitive terms.
With a focus on large credit lines,Belita Facilities Management Services Co. LLC has the underwriting expertise, capacity, and global reach to customise a surety bond precisely to the needs of your business. Surety bonds are a viable alternative to bank guarantees or letters of credit, improving the liquidity of your business by freeing up bank lines for working capital and possible acquisition financing. When you use our surety service we assume your third party liabilities as an independent guarantor. As part of a global insurer we are accepted as equal to a bank while being more flexible in response to your needs. It is our aim to add real value to your business. We aim to save you time and money and help you to reduce risk. We hope you see the value that our services could bring to your business and welcome any enquiries in order to satisfy your surety requirements.
