UAE Lowers Legal Age of Maturity: Key Changes and Implications
In a significant legal update, the United Arab Emirates (UAE) has officially adjusted the legal age of maturity from 21 to 18 years. This change comes under a recently issued federal decree law that revises the country’s Civil Transactions Law, aiming to empower young adults and better align the law with contemporary social and economic conditions.
New Financial Independence for Young Adults
Under the amended legislation, individuals who reach the age of 18 will now have the authority to manage their own financial affairs. This includes the ability to oversee personal assets and make independent financial decisions. Additionally, young people aged 15 and above can apply for judicial permission to manage their property. This marks a significant shift in how the UAE defines financial guardianship, opening up new avenues for young individuals to take charge of their financial lives.
Empowering Youth and Encouraging Entrepreneurship
Officials have indicated that the primary goal of this reform is to empower the youth, support entrepreneurship, and create a legal framework that reflects modern societal dynamics. By lowering the age of maturity, the UAE is recognizing and validating the capabilities of younger generations to participate actively in the economy and society, fostering an environment conducive to innovation and growth.
Comprehensive Reforms in Legal Framework
This decree law is touted as the most comprehensive and unified set of civil transaction regulations introduced in the UAE. It encompasses a wide array of reforms intended to modernize legal practices and enhance protections across both civil and commercial relationships. The reforms introduce clearer rules regarding compensation, contracts, insurance, sales, and professional activities. These changes are expected to resolve longstanding ambiguities and provide greater consistency in legal rulings across the nation.
Key Provisions Addressing Compensation
Among the notable updates is a provision related to diya, which is often referred to as blood money. The new law allows this form of compensation to be combined with additional compensation, known as Arsh. This change ensures that full reparations can be pursued in instances of death or injury, where moral or material damages might not be fully compensated by diya alone. This development aims to foster a more just approach to personal and public injury claims.
New Guidelines for Non-Profit Organizations
In addition to addressing financial maturity and compensation, the law establishes a regulatory framework specifically for non-profit organizations. Clear guidelines will govern the operations of these entities, aligning with recent legislative amendments. This move is intended to enhance the role of non-profits in driving community initiatives and promoting sustainable development across the UAE.
A Vision for the Future
The reforms are part of the UAE’s broader objectives to cultivate a flexible and progressive legal system. By fostering economic growth and enhancing individual rights, the UAE is positioning itself to meet the challenges of contemporary society. With these changes, the nation aims not only to attract investment but also to nurture a legal environment where individuals are empowered, and communities thrive.
