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5/28/24, 4:31 PM Ministry of Economy opens registration in unified registry for family businesses | Emirates News Agency
commerce and industry, licensing authorities in
economic development departments and free zones to
strengthen collaboration and coordination in order to
streamline the registration of family businesses in the
unified registry. These efforts cater to the needs of
family businesses seeking registration and provide them
with comprehensive support in this regard.
The Ministry explained that the request to register a
family company in the unified registry must be
submitted to the licensing authority that issued the
economic licence to that company. The application will
be forwarded to the Ministry of Economy, which will
then make a decision after examining the company’s
compliance with the regulations and conditions
stipulated in the Family Businesses Law and related
decisions. Once the review is successfully completed, the
Ministry proceeds to register the applicant in the
registry.
The Ministry further explained that as per cabinet
decision No. 106 of 2023 concerning the submission of
the family charter, family businesses have the option to
voluntarily register their family charters with the
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