Yes, the amendment may be made via the electronic fields prepared by the concerned authority in advance for this purpose.

Yes, the amendment may be made via the electronic fields prepared by the concerned authority in advance for this purpose.

There is no stipulation in the law that specifies a specific age for the Beneficial Owner.

This is not possible, as the Beneficial Owner is the person who controls the company or group of companies, or who owns 25% of the company.

The Beneficial Owner is the one who actually controls the company whether in the country of origin or registered in the UAE.

The official working hours in the Ministry are from 7:00 am to 5:00 pm on Monday to Thursday, and 7:00 am to 12:30 pm on Fridays.

Abu Dhabi Office: 10th to 18th Floor, Liwa Tower, Exhibition area
Dubai Office: 35th to 41st Floor, Central Park Towers, DIFC

Click the link to find the Ministry’s organisational structure https://www.moec.gov.ae/en/organizational-chart

Three ministers were appointed under the new government structure approved in July 2020.

HE Abdulla bin Touq Al Marri – Minister of Economy
HE Dr Ahmed bin Abdullah Humaid Belhoul Al Falasi – Minister of State for Entrepreneurship and Small and Medium Enterprises
HE Dr Thani bin Ahmed Al-Zeyoudi – Minister of State for Foreign Trade

Determining the general policies and strategic direction of the Ministry.
Supervising the development and approval of the Ministry’s strategic plans and its executive programmes and following up on their implementation.
Supervising and regulating the workflow and relevant decisions within the Ministry and following up on the completion of reports.
Preparing and implementing budget appropriations.
Any other functions entrusted to him by virtue of laws, decrees, or decisions issued by the UAE Cabinet.
Delegating some of his powers to the Director General or whomever he deems appropriate from among the specialists within the Ministry.