Page 880 - MOE ENGLISH PR - MAY 2024

The Iranian delegation was also informed by the Minister of Economy
on the recent economic advancements in the UAE’s business
environment. The Commercial Companies Law was amended to allow
for 100 percent foreign ownership, among other notable changes.

Modernization of the visa and residency processes was also
implemented, and self-employment and green residency pathways
were introduced to increase the nation’s appeal to talent, investors,
employers, and businesses.

In addition, he examined the creation and enactment of new federal
legislation, particularly those about cooperatives, family enterprises,
commercial agencies, and commerce via contemporary technological
methods. The UAE economy is expected to grow sustainably as a
result of these economic changes, which create an environment that is

favorable for a variety of business strategies.

Rep. Image: MohammadAli Dahaghin @ Unsplash

https://emiratitimes.com/uae-iran-hold-1st-session-of-joint-economic-committee-meeting/