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5/28/24, 4:34 PM Ministry of Economy opens registration in unified registry for family businesses – UAE BARQ

Ministry of Economy opens registration in

unified registry for family businesses

5 days ago News

The Ministry of Economy announced that it has started accepting applications from family companies
for their registration in the unified registry for family businesses. The initiative aims to align the

practices of family businesses with global standards and support their continuity in line with the
Federal Decree-Law No. 37 of 2022 on family businesses.

Abdullah Ahmed Al Saleh, Under-Secretary of the Ministry of Economy, explained that the UAE,
thanks to the directives of its wise leadership, is committed to developing a robust legislative and
regulatory environment to enhance the growth of family businesses and support their continuity and

sustainability over the coming decades, in accordance with global best practices. This commitment
stems from the sector’s key role in promoting the growth of the national economy and supporting its

regional and global competitiveness.

The Ministry had launched the Unified Registry for Family Companies by virtue of Cabinet Decision

No. 109 of 2023, with an aim to build a comprehensive and standardised database containing all
information related to family businesses in the country. The goal is to elevate the operations of these

businesses to more competitive and diverse levels. Additionally, the Ministry has outlined a series of
criteria and requirements for the enrolment of a family business in this registry.

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