Motei & Associates

Menu Phone
UAE allows 100% foreign business ownership from June 1
May 26, 2021

UAE Ministry of Economy announced that the amended Commercial Companies Law will come into effect on June 1st, 2021, Foreigners opening a company in the United Arab Emirates will no longer need an Emirati shareholder or agent effective of June 1

This decision has been long-anticipated and will have a major effect the countries global standing. Last month, a senior official confirmed that the UAE’s Ministry of Economy was working on new legislation to include 10 sectors to the commercial companies’ law.

“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.

This is the latest decision is a new step solidifying the UAE government’s commitment to supporting the economy and its plans for the future.

Location Map

Location Map

Reach Us

For Initial Consultation Meeting,
Telephone: +971 4 435 5959
Fax: +971 4 435 5858
Skype: motei.office

Damac Executive Heights (TECOM)
Office No. 801, 8th Floor
P.O. Box: 112888
Dubai, UAE