Al-Iqtisad adds Salesforce to family business register
The UAE Ministry of Economy and Tourism announced the registration of "Selfors International LLC" as the first family business owned by an Indian family to be registered in the Unified Registry of Family Businesses, in accordance with Federal Decree No. (37 of 2022). The company belongs to the "Raja" Group and was established in Dubai in 1958 under the name "Sassa Trading." This step highlights the capability of the UAE's legislative environment to attract global family businesses, showcasing its flexibility and institutional competencies. It also confirms that family businesses constitute 60% of the gross domestic product (GDP) and employ 80% of the workforce, with over 2,000 economic activities in the country. This move reflects the high level of confidence in the UAE's business environment and its support for the sustainability and growth of family businesses, aimed at strengthening the competitiveness of the national economy and attracting long-term investments.
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