UAE New Family Business Law

29 November 2022

UAE's New Family Business Law will come into effect by January 2023 and will aim to increase the contribution of family businesses to the national economy.

The majority of private companies in the UAE are family run and the new law outlines a clear plan for growth and longevity for next generations in the region.

"Fairway are excited that the UAE's new family business law is set to come into effect in January 2023. Fairway are committed to assisting families with the preservation and enhancement of family wealth, including the family owned business. The introduction of the legislation, as well as the recent announcement by the DIFC of the creation of a Global Family Business and Private Wealth Centre, highlights how strategically important family businesses are to the UAE economy. Fairway will be continuing to assist high net worth families in the region by providing dedicated family office services tailored specifically to Middle Eastern families" Mark Andrews, Fairway's Managing Director.

At Fairway,we recognise the importance of offering a holistic approach when it comes to providing services to Family Office services. 

Our Middle East team frequently travel to the region to meet with clients and have vast experience and knowledge of administering complex trust and corporate structures in the region. 

With a dedicated team of expert trust and estate practitioners, Fairway has a strong understanding of Sharia compliant structures holding a variety of luxury assets and commercial real estate. 

Our knowledge and independence allows us to deliver a bespoke service, tailored to the needs of UHNW individuals and families, allowing us to provide a long-term solution. 

Find out more about our Family Office Services