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5/28/24, 4:31 PM             Ministry of Economy opens registration in unified registry for family businesses | Emirates News Agency
                     Ministry. This charter encompasses specific details


                     pertaining to the ownership, objectives, and family


                     values, as well as mechanisms for evaluating shares and


                     methods of distributing profits.


                     The Ministry affirmed that the registration of family


                     companies in the unified registry contributes to



                     enhancing business continuity through


                     intergenerational transitions. This is particularly crucial


                     as the Family Businesses Law governs the ownership of


                     companies by defining their capital, how partners can


                     dispose of their shares and the mechanisms to


                     relinquish them, in addition to organising the right to


                     redemption and evaluation of shares and their


                     categories and their purchases.







                   Amjad Saleh



                    Economy          United Arab Emirates (UAE)





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