ABU DHABI: The UAE has raised the minimum age to start a business to 18. Earlier it was 21 years. UAE to introduce age relaxation under new commercial law Ministry of Finance notified. The commercial law also says that emphasis will be given to Islamic banking.
Undersecretary of the Ministry of Economy Abdullah Al Salah said that the action is aimed at the growth of the country’s business. The plan will pave the way for young people to join the business at a very young age. With the lowering of the age limit, the board of directors and managers of many companies will relax.
Another step in commercial law is the move to emphasize Islamic banking. The UAE aims to make Islamic banks key drivers of the nation’s growth. aim to The new scheme also moves to make business developments in the field of technology and digital.
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