Family Business
Family Business Legal Services in UAE
Al Murshed Legal Consultancy is expertly equipped to navigate family-owned firms through the complexities of family business legislation. This significant legal framework reinforces our dedication to strengthening the legal backbone for family-run companies, encouraging smooth generational shifts, and amplifying their essential contribution to the economic fabric of the UAE.
Our services now incorporate a comprehensive briefing on the new Law, ensuring our clients are fully informed and can leverage the following key provisions
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A legal foundation for ownership and governance tailored to family businesses, streamlining generational transfers.
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Supportive measures for the sustainability and economic participation of family businesses.
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Constructive mechanisms for resolving familial disputes within the business context.
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Incentives at both federal and emirate levels for registered family businesses.
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The introduction of various share classes, a novel development for onshore LLCs in the UAE.
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Tailored dispute resolution procedures specific to the needs of family enterprises.
Our commitment to our clients extends to an in-depth analysis of the new laws, providing a tailored briefing to understand the opportunities and implications for your family business. Trust Al Murshed Legal Consultancy to navigate this significant legal development, ensuring your family business is positioned for continuity and growth in the evolving economic landscape of the UAE.
Frequently Asked Questions (FAQ)
They mainly need help with three things:
Succession Planning: How to pass the business to the next generation.
Family Constitutions: Writing clear rules for the family and the business.
Dispute Resolution: Solving arguments without going to court.
A Family Constitution is a written agreement. It sets rules on how the family will own, run, and manage the business together. It prevents future fights.
Succession planning ensures the business keeps running smoothly when the founder steps down. Without it, ownership can split, causing major problems for the company’s future in Dubai or Abu Dhabi.
Yes. The UAE has a new law (Federal Decree-Law No. 37 of 2022) to support and regulate family businesses. This law helps them stay strong for many generations.
Legal services offer mediation first. This is a private way to solve arguments. If mediation fails, they offer legal support for arbitration or court action in the UAE to find a solution.
- Hamdan Bin Mohammed Street Floor 1 Al Danah, Abu Dhabi Emirate, AE
- info@almursheduae.com
- +971 26447891