The Dubai Department of Economy and Tourism (DET) has teamed up with the Dubai Centre for Family Businesses, which operates under the umbrella of Dubai Chambers, to launch ‘Family Businesses in the Emirate of Dubai: A Guidebook.’
The guidebook is designed to help family business in protecting the wealth and ensuring their sustainability, while also supporting the growth of their operations.
It was unveiled during the center’s first ‘Knowledge Series’ session hosted at Dubai Chambers’ headquarters in collaboration with DET. The event revolves around the theme ‘Building a Lasting Legacy: The Future of Family Businesses in Dubai.’
Panel discussions during the session explored ways to preserve the legacy of family businesses and strengthen their innovation efforts. Participants also explored key aspects of the UAE Family Business Law, including the process and requirements for registering companies as family businesses in Dubai.
The guidebook provides a comprehensive overview of various structural options for family businesses and explore key areas such as corporate governance, family offices, wealth planning, leadership succession, real estate ownership, and tax considerations.
It also includes topics such as conflict management and resolution, government initiatives supporting family businesses, the role of philanthropy and its significance for family enterprises, digital transformation, and the procedures for registering family businesses in Dubai.
Sahia Ahmad CEO, Regulatory Policy and Governance – Dubai Department of Economy and Tourism
“Family businesses are a bedrock of Dubai’s economic progress, and are playing a vital role in achieving the goals of the Dubai Economic Agenda, D33, which aims to double Dubai’s economy in the decade up to 2033. They create jobs, invest in local markets, and support long-term business activity, with the generational nature of family businesses providing stability and enhancing our global competitiveness. The launch of this new guidebook demonstrates our commitment to supporting family businesses through targeted initiatives, regulatory enhancements, and strategic partnerships. We would like to thank Dubai Chambers and our esteemed partners for their continued collaboration, support, and contribution towards advancing the role of family businesses in shaping Dubai’s economic future.”
Khalid AlJarwan, Vice President of Commercial and Corporate Services at Dubai Chambers, stated that, “Family businesses play a pivotal role in driving the growth of the local economy and are a cornerstone for the development of diverse sectors. The launch of this new guidebook during the first ‘Knowledge Series’ session reflects the Dubai Centre for Family Businesses’ commitment to promoting the adoption of effective governance and the implementation of optimal administrative and legal frameworks. This initiative will contribute to elevating business performance and ensuring sustainable growth for family enterprises across generations.”
