Minimum Age To Start Business In UAE
Minimum age for starting a business in the UAE has been lowered to 18 years of age. This is as compared to the previous law, which had set the minimum age to 21.
This means that, now, individuals who are 18 years old, and above can freely own, transact, manage and set up a business in the UAE.
Furthermore, minors who are between the age of 15 and 18, can also trade in the UAE. Although they are subject to certain regulations, as per the UAE Cabinet.
This became possible by virtue of the UAE new Commercial Transactions Law, which is the Federal Decree Law No. 50 of 2022 re: Commercial Transactions Law, and Articles 18.1 and 18.2, in particular. Which replaced the previous Commercial Transactions Law No. 18 of 1993.
@ludmilayamalova Minimum age to do business in UAE #ludmilayamalova #lylawdubai #learnontiktok #legaltiktok #business #startups #uaebusiness ♬ original sound - Unreal Keanu Reeves
Business Set Up In UAE | Minimum Age - FAQ
You need to be 18 years of age to set up a business in the UAE.
Yes. Individuals aged between 15 to 18 years can trade in UAE however, will be subject to certain regulations as per the UAE Cabinet.
Freelance license in UAE is now available for those who are 18 years of age and up. Read more.
Primarily you need to obtain a business license and it needs to be for a specific business activity that you wish to conduct. Learn more.
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