The collaboration will concentrate on helping small and medium size firms expand and build operations in the Emirates, with single-family offices part of the equation.

A group of financial and advisory firms – M/HQ, Re/think Middle East and ARC Group – have inked a strategic partnership to help shape the United Arab Emirates’ financial services sector.  

The collaboration will focus on helping small and medium size firms set up and expand their operations in the UAE, particularly family holdings, single-family offices, international firms and regulated firms. Family-owned businesses account for 90 per cent of the total number of private companies in the Emirates.

M/HQ is a private wealth platform in the UAE; Re/think Middle East, M/HQ’s sister firm, is a business advisory and outsourced services firm, and ARC Group, is a financial advisory business.

In previous collaborations, Re/think most recently supported ARC Group to help it successfully obtain a Category 4 licence from the Abu Dhabi Global Market.

“Family-owned businesses contribute nearly 50 per cent of the UAE’s GDP and single-family offices (SFOs) are at the nexus of the intergenerational transfer of wealth: $1 trillion over the next decade,” Yann Mrazek, managing partner M/HQ, said. “However, SFOs face new challenges – the introduction of corporate tax – and, for the first time, are under the pressure to deliver steady returns to safeguard their legacies.”

In August 2022, the Dubai International Financial Centre announced that it was launching a "global family business and private wealth centre." This news service subsequently conducted an interview with the CEO of the DIFC Authority about this development.