The draft commercial companies law (CCL), which aims to enhance the diversity and openness of the national economy, and to keep abreast with domestic and global economic changes by preserving a continuous and balanced growth in all economic sectors in the UAE, is being discussed by the Committee on Financial Affairs at the Federal National Council (FNC).
The proposed UAE Federal Law on Commercial Companies, which was referred to FNC by the cabinet, comprises 12 chapters and 383 articles.
The law is aimed at improving the business landscape in the UAE, making it easier to do business here and potentially boost the economy.
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