Family Business in the United Arab Emirates: Legal Experience

Abstract

Relevance. Family entrepreneurship is one of the main trends in the modern development of entrepreneurial activity. Over the past five years civilistic science has achieved significant results in the study of this multidimensional complex phenomenon. Being at an intersectoral junction (civil, family, entrepreneurial, labor, administrative law), family entrepreneurial activity is designed to solve many government tasks, which allows us to talk about the entry of this type of entrepreneurial activity into Russian entrepreneurship ecosystem on a permanent basis. At the same time, Russian legislator does not react to large-scale development of family business in any way, which creates insoluble difficulties in its implementation, protection of participants rights. Under such circumstances, the experience of legal regulation of relations arising from family entrepreneurship in foreign countries that have followed the path of adopting a special law seems relevant. The United Arab Emirates is one of such states.The purpose is to set the content of a special law on family business in the United Arab Emirates.The objectives of the study: to determine the state of family entrepreneurship development abroad; establish the need to study the experience of legal regulation of family business in the UAE; disclose the content of the UAE family business law.Methodology. The article is based on analysis methods, deduction, description, generalization, formal-legal, comparative-legal methods.Results. The study found that the UAE's approach to legal regulation of family business relations is based on an internally consistent special legislative act based on a symbiosis of family values and advanced business achievements.Conclusion. The experience of legal regulation of family entrepreneurial activities of the UAE is one of the progressive at present. It seems that it is necessary to consider the achievements of the Arab legislator when creating the concept of Russian law on family entrepreneurship, its structure, laying down the principles.