Dubai, UAE – May 23, 2025
In a milestone achievement that reflects Dubai’s legal and economic leadership, Habib Al Mulla and Partners has successfully registered Sharafi Group Investments LLC. as the first family company in Dubai under the new Federal Law No. (37) of 2022 on Family Companies. This was accomplished following sustained efforts and effective coordination with the UAE Ministry of Economy.
This achievement marks a turning point in the regulation and governance of family businesses in the Emirate and underscores the readiness of Dubai’s legal infrastructure to support the ambitions of family enterprises seeking long-term sustainability and smooth intergenerational transition within a clear and flexible legal framework.
Commenting on the occasion, Alia Al Mulla, Head of Family Business Restructuring at Habib Al Mulla and Partners, said:
“We are extremely proud of this pioneering accomplishment, which highlights our unwavering commitment to serving the interests of our clients and supporting the sustainability of family businesses in the UAE. This milestone is the result of a fruitful collaboration between our client, Sharafi Group Investments LLC., and our outstanding legal team. It also highlights the vital role of the Ministry of Economy and its continuous efforts to empower family businesses through the establishment of a flexible and effective legal framework that meets national economic goals and aligns with international best practices.”










Al Mulla added:
“Registering the first family company in Dubai under this new law marks the beginning of a new chapter for family businesses in the Emirate. It sends a clear message that Dubai is confidently moving forward in building an integrated legal system that ensures business continuity, enhances governance, and empowers future generations.”
The registration of Sharafi Group Investments LLC. serves as a major incentive for other family businesses in Dubai to take advantage of the new Family Companies Law, which offers advanced legal protections and ensures the secure and sustainable transfer of wealth and business across generations.
Akash Goyal, Group Finance Manager from Sharafi Group Investments LLC., commented:
“It is a proud moment for Sharafi Group Investments LLC. to be the first family business registered under the new Family Companies Law in Dubai. This registration marks a strategic milestone in our journey to strengthen family governance and ensure seamless intergenerational succession. We are grateful to Habib Al Mulla and Partners and the Ministry of Economy for their collaboration and for laying a robust legal foundation for family enterprises in the UAE.”