SEDD Organises Workshop To Educate Family Businesses On Registration And Sustainability In Sharjah

The Sharjah Economic Development Department (SEDD) recently held an online workshop focusing on "Family Businesses" licences in Sharjah. This session aimed to educate family businesses about the procedures and requirements for company registration, as per the Executive Council's decision. The initiative also sought to support investors and businessmen while enhancing Sharjah's investment climate.

During the workshop, participants received a comprehensive overview of the family charter, incorporation contract, and a guide for establishing and registering family companies. The importance of organising family businesses for their continuity and development was emphasised. Several key topics were addressed, including conditions for establishing such businesses and legal procedures required.

The workshop highlighted the benefits and opportunities available to family businesses. It explored their competitive advantages and role in developing the local economy. Government incentives, facilities, and best global practices in managing family businesses were also discussed. These insights aimed to equip business owners with knowledge to thrive in Sharjah's market.

SEDD underscored its commitment to raising awareness about regulating family businesses. The department aims to provide necessary support to ensure these enterprises' sustainability and growth locally. Family businesses are seen as key drivers of the economy, necessitating an environment that fosters their continuity and competitiveness.

The Economic Department in Sharjah stressed the importance of supporting family businesses due to their significant impact on the emirate's economy. SEDD's efforts focus on regulating these activities to ensure smooth generational transitions sustainably. This aligns with Sharjah’s vision of enhancing the business environment by offering solutions that support growth and expansion.

Through initiatives like this workshop, SEDD aims to create a supportive framework for family businesses. By doing so, it seeks to bolster their role in driving economic progress while ensuring they remain competitive in a dynamic market landscape.

With inputs from WAM