Foreigners are allowed to establish companies with 100% full ownership, based on the provisions of Federal Decree-Law No. 26 of 2020 amending the provisions of Federal Law No. 2 of 2015 on Commercial Companies.
The law provides full foreign ownership to non-Emiratis of all nationalities of onshore companies established by them.
In addition, firms wishing to become joint stock companies can, after the approval of relevant authorities, sell through IPOs, no more than 70% of the company, instead of the earlier 30% limit.’
The UAE is a constitutional federation of seven emirates. Abu Dhabi city is the capital of the UAE. The UAE is a politically and economically stable country and holds the 25th position globally in Global Competitiveness Report 2019 by World Economic Forum. The country’s soft policy earned the UAE, first rank in Passport Index. In addition, it stands out as one of the 10 largest donor states in official development aid (ODA). Recognised as a tolerant country, the UAE hosts more than 200 nationalities doing business, living, learning and touring the UAE. Residents enjoy freedom of civil rights and practice of religion. Learn more facts about the UAE. Country population is about 10.2 Million. The United Arab Emirates has a stable political and economic environment, making it a great business site.
The new foreign ownership laws were introduced to make the UAE an even more attractive prospect for international investment. Allowing such an ownership model in most cases brings the country in line with most other business hubs around the world and will vastly increase an already incredible ease of doing business.
The move will create more competition in the market, helping to stimulate and diversify the UAE economy. Foreign investors can now exercise complete control from a legal standpoint, allowing them to run their business without administrative complications or interruptions.
Due to recent improvements in business regulations that make it simple for you to get UAE Company Registration, now is the ideal moment to establish a business setting in Dubai or the UAE.