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UAE to allow full foreign ownership of companies in June

UAE to allow ‘full foreign ownership’ of companies in June The amended Commercial Companies Law aims at boosting the country s competitive edge Reuters May 19, 2021 PHOTO: REUTERS Foreigners opening a company in the United Arab Emirates will no longer need an Emirati shareholder or agent under changes to UAE company law that will go into effect on June 1, state news agency WAM reported on Wednesday. The amended Commercial Companies Law aims at boosting the country s competitive edge and is a part of UAE government efforts to facilitate doing business, Minister of Economy Abdulla bin Touq Al Marri was quoted as saying.

UAE to allow non-nationals 100% ownership of companies starting from June

UAE to allow non-nationals 100% ownership of companies starting from June By Wednesday May 19, 2021 Containers are seen at Abu Dhabi s Khalifa Port after it was expanded in Abu Dhabi, UAE, December 11, 2019. Reuters/File Prerequisite of having an Emirati shareholder for a foreigner to open a company will be lifted on June 1. It is one of several steps aimed at attracting investment and foreigners into the Gulf state. The UAE announced the law allowing 100% foreign ownership of companies last year. DUBAI: The prerequisite of having an Emirati shareholder for a foreigner to open a company in the United Arab Emirates will be lifted on June 1, state news agency WAM reported on Wednesday.

UAE to Allow Investors, Entrepreneurs Full Ownership of Companies from June 1

UAE to Allow Investors, Entrepreneurs Full Ownership of Companies from June 1
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