Federal Decree-Law No. 37 of 2022
Category: Corporate Law
Member State: United Arab Emirates
Document Language: Arabic
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Federal Decree-Law No. 37 of 2022 on Family Businesses

October 2022

Federal Decree-Law No. 37 of 2022 on Family Businesses aims to regulate the status of family businesses in the country by defining them. The Decree-Law affirms that family businesses retain their existing legal forms as stipulated under the Commercial Companies Law and are subject to its provisions unless specific clauses apply. Additionally, it grants benefits and incentives to registered family businesses, enhancing their sustainability and supporting them at both the federal and local levels.