UAE revises minimum age requirement for starting a business
The minimum age requirement for starting a business has been revised in the United Arab Emirates (UAE), according to the Ministry of Economy (MoE).
This comes alongside the revised of Commercial Transaction Law on Thursday, January 12.
The new law requires that an individual be at least 18 years old to be able to run a business, previously the minimum age was 21.
Several changes have been included in the revised Commercial Transactions Law, including matters relating to businesses/business owners having banking exposures and electronic auctions.
The guidelines related to the recent amendments were published in October 2022, but have now been implemented as law.