Navigating the world of wealth management can be complex for high-net-worth individuals (HNWIs) and families. Establishing a family office in Dubai provides a regulated, private, and efficient way to manage multi-generational wealth. Dubai’s robust legal system, favorable tax policies, and strategic global position make it one of the most attractive jurisdictions for family office structures.

At NH Management, we guide families through setting up and operating both Single-Family Offices (SFOs) and Multi-Family Offices (MFOs). Understanding the distinction between the two is key to selecting the structure that aligns best with your wealth goals, level of control, and privacy preferences.

What Is a Single-Family Office (SFO)?

A Single-Family Office is a private entity established to manage the financial, investment, and personal affairs of one family. It delivers tailor-made solutions to support long-term preservation and growth of family wealth.

Key characteristics of an SFO include:

• Personalized services: Comprehensive financial planning, investment management, estate planning, and philanthropy.

• Total control: Families retain full decision-making power and determine strategy independently.

• Confidentiality: SFOs offer the highest level of privacy, ensuring that sensitive financial data remains protected.

A Single-Family Office is ideal for families with substantial wealth who want complete control and discretion over their financial ecosystem.

What Is a Multi-Family Office (MFO)?

A Multi-Family Office manages the wealth of several families under one shared structure. It provides the same level of sophistication as an SFO but with the added advantage of cost efficiency.

Main features of an MFO include:

• Cost efficiency: Operating costs are shared among multiple families, reducing the financial burden of maintaining a dedicated office.

• Professional expertise: MFOs employ highly qualified investment, tax, and legal specialists who serve multiple families.

• Collaborative advantage: Families benefit from shared insights, network access, and institutional-grade services.

This structure suits families seeking professional wealth management without bearing the full cost of running a private office.

Key Differences Between SFOs and MFOs

While both structures provide professional wealth management, their main differences lie in control, cost, privacy, and customization. A Single-Family Office offers full autonomy and maximum privacy, whereas a Multi-Family Office provides access to broader expertise and shared resources at a lower cost.

Families that prefer exclusivity, governance control, and full customization tend to establish an SFO. Those who prioritize efficiency, collaboration, and professional expertise often choose an MFO. The decision ultimately depends on the size of the family’s assets, complexity of investments, and long-term strategic goals.

Setting Up a Family Office in Dubai

Setting up a family office in Dubai involves choosing the right regulatory jurisdiction. The Dubai International Financial Centre (DIFC) and the Abu Dhabi Global Market (ADGM) both offer clear frameworks for family office licensing, governance, and ongoing compliance.

At NH Management, we assist families through the entire process — from entity selection and registration to operational setup and compliance. You can also read our detailed overview on company incorporation to understand how to structure your family office efficiently in Dubai or other UAE free zones.

For additional government guidance, visit the DIFC official website to learn about family office licensing and regulatory requirements.

Choosing the Right Family Office Structure

When deciding between a Single-Family Office and a Multi-Family Office, consider:

• Level of control: Families seeking full independence typically opt for an SFO.

• Cost efficiency: Those looking for a collaborative and cost-effective model may prefer an MFO.

• Complexity of assets: If your family’s investments span multiple sectors or geographies, an SFO can provide greater flexibility.

• Privacy requirements: An SFO ensures the highest confidentiality for family affairs.

Both structures can be tailored to meet your family’s needs with the right professional guidance.

Why Choose NH Management

At NH Management, we combine global wealth management experience with local regulatory expertise to help clients establish and maintain their family office in Dubai. Whether you prefer the personalized service of a Single-Family Office or the efficiency of a Multi-Family Office, our team ensures that your structure supports governance, succession planning, and long-term wealth protection.

By understanding your family’s objectives, investment strategies, and legacy vision, we create frameworks that enable sustainable growth across generations.

Ready to establish your family office in Dubai?
Contact us today at info@nhmanagement.com or call +971 4 222 1327 to schedule a consultation.