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Federal Decree-Law no. 32 of 2021 on Commercial Companies.

Country/Territory
United Arab Emirates
Document type
Legislation
Date
2021
Source
FAO, FAOLEX
Subject
General
Keyword
Business/industry/corporations Capacity building Dispute settlement Financing Fiscal and market measures Governance Inspection Liability/compensation Non-governmental entity Offences/penalties Procedural matters Subsidy/incentive
Geographical area
Middle East, Near East and North Africa, Persian Gulf
Entry into force notes
This Decree-Law enters into force on the 2nd of January 2022.
Abstract

This Federal Decree-Law on Commercial Companies comprising 365 Articles organizaed into 12 Titles aims to develop the working environment and the economic position of the State, by regulating the governance, rights, and responsibilities of companies and their shareholders, partners, directors, managers, and auditors. It applies to (i) commercial companies established or operating in the State, except for those exempted by special provisions, agreements, or laws; (ii) foreign companies that have their head office or a branch or representative office in the State.

Full text
English/Arabic
Website
www.moec.gov.ae