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5/10/24, 2:25 PM UAE, Iran hold first session of Joint Economic Committee to promote cooperation in new economy sectors | Emirates News Agency
Most notably, these include the amendments made to

the Commercial Companies Law to allow 100 per cent

foreign ownership, modernization of visa and residency

systems and introduction of self-employment and green

residency pathways to enhance the country’s

attractiveness to talent, investors, employers and

businesses. He also reviewed the promulgation and

introduction of new federal laws, including those

concerning family businesses, commercial agencies,

cooperatives and trade through modern technical

means. These economic developments ensure a

favourable climate for various business models, thus

promoting sustainable growth of the UAE economy.

Apart from these, the launch of initiatives designed to

support the national economy’s transition to a circular

model, most notably the ‘UAE Circular Economy Policy

2031’, were highlighted.

The inaugural UAE-Iran JEC session also discussed new

mechanisms to enhance trade exchanges and the key

role played by the private sector in promoting economic

cooperation. The provision of all means of support to

exporters and importers to facilitate trade exchanges

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