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UAE to allow 100% foreign ownership of companies in June: WAM
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Last Updated: May 19, 2021, 04:13 PM IST
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Synopsis 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.
Reuters
The UAE announced the law allowing 100% foreign ownership of companies last year - one of several steps aimed at attracting investment and foreigners into the Gulf state, which was badly hurt by the coronavirus crisis.
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.
UAE to allow 100% foreign ownership of companies in June
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UAE to allow 100% foreign ownership of companies in June
Reuters / May 19, 2021, 15:10 IST
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DUBAI: 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.
The UAE announced the law allowing 100% foreign ownership of companies last year - one of several steps aimed at attracting investment and foreigners into the Gulf state, which was badly hurt by the coronavirus crisis.
Jaishankar discusses bilateral ties, economic recovery post-COVID with UAE counterpart
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Last Updated: Apr 19, 2021, 11:15 AM IST
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Synopsis
Jaishankar arrived in Abu Dhabi on Sunday with a focus on boosting bilateral economic cooperation. His visit to the United Arab Emirates comes amid evolving geo-political developments in the region, particularly in Afghanistan.
PTI
Jaishankar earlier paid a two-day visit to the UAE from November 25 to 26 last year in the midst of the coronavirus pandemic.
External Affairs Minister S Jaishankar held another round of productive interaction with his UAE counterpart Sheikh Abdullah bin Zayed Al Nahyan here where the two leaders discussed the entire gamut of bilateral relations, especially the strong focus on economic recovery post COVID-19.
External affairs minister S Jaishankar with his UAE counterpart Sheikh Abdullah bin Zayed Al Nahyan
ABU DHABI: External affairs minister S Jaishankar held another round of productive interaction with his UAE counterpart Sheikh Abdullah bin Zayed Al Nahyan here where the two leaders discussed the entire gamut of bilateral relations, especially the strong focus on economic recovery post Covid-19. Jaishankar arrived in Abu Dhabi on Sunday with a focus on boosting bilateral economic cooperation. His visit to the United Arab Emirates comes amid evolving geo-political developments in the region, particularly in Afghanistan. Another productive interaction with FM @ABZayed on our bilateral cooperation. Took forward our ongoing discussions on this subject, starting in February. The strong focus on post-Covid economic recovery will remain a priority for us, he said in a tweet late on Sunday along with a picture of them holding a meeting outdoors.