Unified UAE Legislation Database

Ministerial Decision No. 109 of 2023 Regarding the Register of Family Businesses

Status

In force

Issuing Authority

MOEC

Effective date

XX.XX.XXXX

Official Link

https://

The Minister of Economy,

- Having reviewed Federal Law No. 1 of 1972 On the Competences of Ministries and the Powers of Ministers and the laws amending it;

- Federal Decree-Law No. 32 of 2021 On Commercial Companies;

- Federal Decree-Law No. 37 of 2021 on the Commercial Register,

- Federal Decree-Law No. 37 of 2022 Concerning Family Businesses

- Cabinet Decision No. 107 of 2022 Issuing the Executive Regulations for Federal Decree-Law No. 37 of 2021 on the Commercial Register.

has decided:

 

Article 1 - Definitions

The following words and expressions shall have the meanings indicated opposite them, unless the context requires otherwise:

 

State: The United Arab Emirates.

 

Ministry: Ministry of Economy.

 

Minister: Minister of Economy.

 

Department: The Department responsible for commercial registration at the Ministry.

 

Competent Authority: The local authority responsible for company affairs in the emirate concerned, including free zones.

 

Register: The unified Register of Family companies established in accordance with the provisions of the Decree-Law Concerning Family Business.

 

Family: relatives ...