UAE Business Age Requirements: How Old to Start a Company in 2024?

Last Updated on July 10, 2024 by Vadim

Learn about the minimum age to start a business or crowdfund in the UAE. Understand legal requirements and options for young entrepreneurs.

Key Points:

  • Legal age to start a business reduced to 18 years
  • Some restrictions still apply for 18-20 year olds
  • Options available for minors under 18
  • Crowdfunding age limits vary by platform

Legal Age to Start a Business in UAE

  • Now 18 years old (reduced from 21)
  • Some limitations for 18-20 year olds on contracts and power of attorney

Options for Minors Under 18

  • Can engage in trade from age 15 with approvals
  • Guardian approval needed for bank accounts, employment
  • Court approval for property transactions

Crowdfunding Age Requirements

  • Varies by platform
  • Dubai Next: From age 12 with parental approval
  • Check platform terms and conditions

Legal Age for Crowdfunding by Jurisdiction

  • UAE mainland: 18 years (15+ with court approval)
  • DIFC and ADGM free zones: 18 years

Expert Insights

Ludmila Yamalova, HPL Yamalova and Plewka DMCC: “Individuals aged 18 and older can now establish, own, operate, and manage businesses in the UAE.”

Lien Haroun, Mahmood Hussain Advocates and Legal Consultancy: “Most crowdfunding operators specify minimum legal age in their terms and conditions.”

Understanding these regulations helps young entrepreneurs navigate business opportunities in the UAE effectively.

Further Reading

If you’re interested in learning more about UAE Labor Law, here are some essential articles that cover various aspects of the topic. These resources will help you understand your rights and obligations as an employee in the UAE.

  1. UAE Non-Competition Clause: Can Your Employer Prevent You From Taking a New Job?
  2. How to Report Discrimination in UAE
  3. UAE Notice Period Rules: What to Do If You Need to Quit Immediately
  4. How to File UAE Labour Complaints Faster: MOHRE’s New Video Call Service Guide
  5. UAE Free Zone Labour Complaints: How to File in 2024
  6. Abu Dhabi Social Media Advertising Rules: New Guidelines for Influencers and Businesses
  7. UAE Summer Internship Guide for Students: Rules and Regulations [2024]
  8. UAE Labour Law: Employers Must Give 30-Day Notice Before Termination
  9. UAE Hajj Leave Guide: Eligibility and Application Process [2024]
  10. UAE Labour Law: 7 Rights When You’re Fired [2024 Guide]
  11. UAE Employee Rights: Dealing with Workplace Harassment [2024 Guide]
  12. UAE Labour Law: Do You Have to Pay Your Employer If You Resign? [2024 Guide]
  13. UAE Skilled Worker Classification: 4 Key Criteria [2024 Guide]
  14. UAE Business Age Requirements: How Old to Start a Company in 2024?
  15. Comprehensive Guide to UAE Work Permits (2024)
  16. UAE End-of-Service Dues: How to Claim Unpaid Amounts (Free Zone Guide 2024)
  17. UAE Labour Law: Understanding Your Legal Entitlements and Benefits
  18. UAE: New Labour Complaints Process (2024)
  19. UAE: Working for Two Employers Simultaneously
  20. UAE Annual Leave Entitlements: Comprehensive Guide [2024]
  21. UAE Employee Rights: Repatriation and Annual Flight Tickets Upon Resignation [2024 Guide]
  22. UAE Domestic Worker Rights and Salary Deductions: Complete Guide [2024]