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Warren Luyt BA, LLB, PDL, TEP

Profile picture of Warren Luyt BA, LLB, PDL, TEP

Warren Luyt BA, LLB, PDL, TEP

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Name

Warren Luyt BA, LLB, PDL, TEP

Your Country

United Arab Emirates

Company

RAK ICC

Position

Board Member

Gender

Male

Core Industries

Consumer Services Companies, Finance, Sports, Succession Planning, Wealth Management

Experience

With over three decades of experience spanning litigation and corporate law, fiduciary services, and international business structuring, Warren Luyt is a seasoned executive and legal professional with a proven track record of leadership, innovation, and business growth.

Warren has held over 90 Non-Executive Director appointments in his career in numerous commercial fields including trust, corporate and fund administration, finance, banking, insurance, government and global consumer companies.

A qualified attorney admitted to the High Court of South Africa, Warren holds a Bachelor of Arts, Bachelor of Laws (LLB) from the University of the Witwatersrand, Post Graduate Diploma In Labour Law (RAU) along with specialized certifications in trust and estate planning. He is a former Chairman of STEP Arabia.

Beyond his corporate achievements, he is an endurance athlete with multiple Ironman finishes, elite cycling placements, and global adventure expeditions, demonstrating his commitment to perseverance and excellence in all aspects of life.

Board positions:

NED – RAKICC
NED – Finance Co – ADGM

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NEDs and Economic Substance (“ESR”)

Pursuant to ESR, certain companies deploying a “relevant activity” have to demonstrate that they have effective substance in their jurisdiction by satisfying a so-called “economic substance test”. ESR is in force in the UAE since 30th April 2019.

A company meets the test if it is directed and managed in the UAE and has adequate people, premises and expenditure in the country.

In this context, the composition and competence of the board of directors – composed of both executive director(s) and NED/s –, and the proper recording of minutes of all board meetings are key factors when assessing whether a company is compliant or not.

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