100% Foreign Ownership in UAE Mainland Companies
The new law allowing 100% ownership of mainland companies will come into effect from 1 st June. The changes to the commercial company ownership laws, which were first announced in November last year, removes the requirement to have a major (51%) UAE shareholder.
The law abolishes a provision mandating that a UAE national or UAE owned company was required as shareholder.This measure reduces overhead costs, facilitates the ease of doing business for foreign investors and provides flexibility to businesses anywhere in the UAE.
