UAE Finance Minister Sultan bin Saeed Al Mansouri says he expects the law will go into effect within the next three months after Cabinet gives its approval.
Al Mansouri said today the law is aimed at encouraging job creation by helping Emiratis start small and medium-sized businesses.
Incentives offered to citizens will include access to finance, contracts with state-owned companies, land grants for industrial and agricultural purposes, as well as exemptions on customs tax for raw material and equipment.
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