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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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