In the UAE, it is now possible to start a business at the age of eighteen. A new commercial policy has been announced in this regard. Earlier, the age for starting a business in the UAE was 21 years. The new move of the UAE is to put an end to that.
The new law gives importance to Islamic banking. The new law also has provisions to promote digitalization of commerce. The law provides more support to businesses related to the technology sector and commercial activities related to the digital sector. Abdullah Al Salah, Under-Secretary of the UAE Ministry of Economic Affairs, announced this in a press conference.
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