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Volaw Trust and Corporate Services Limited (Volaw), one of Jersey’s leading providers of fiduciary services, announced that it has been granted a license by the Dubai Financial Services Authority (DFSA) to operate as an authorised firm in the Dubai International Financial Centre (DIFC). Volaw will provide a wide range of trust, fund administration and advisory services on various financial products directly from the DIFC to its clients throughout the region.
Volaw has built a strong reputation over 20 years in the establishment and administration of trusts, companies and partnerships that may be used for a wide variety of Islamic and conventional structured finance and capital markets transactions, specialist investment structures and in the preservation and management of family wealth. These services will now be offered to clients in Dubai and the larger GCC region directly from newly established offices in Dubai.
Robert Christensen, Managing Director, Volaw Trust and Corporate Services Limited said: “We believe very strongly that the recent introduction of laws governing family and investment trusts in the DIFC will help propel the rapid growth of this sector across the Gulf and Middle East. We are delighted to take this opportunity to expand our presence and services from our new regional headquarters at the DIFC.”
Nasser Al Shaali, Chief Executive Officer of the DIFC Authority, said: “Volaw has increased its commitment to the region by opening a full service office and is a member of the rapidly growing DIFC community, which is now home to more than 400 member companies. We are confident that Volaw’s expertise in the administration of trusts and offshore fiduciary services will allow them to provide vital services to individuals and institutions in the region.”
