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Read more informationIn today’s competitive business environment the mining industry is becoming a very attractive option for foreign investors. New projects are being launched, but we can appreciate that foreign investors will find the mining industry......
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Read more informationStarting June 1, UAE will allow 100% foreign business ownership
The amended Commercial Companies Law, which will enable foreign investors and entrepreneurs to form and completely own onshore companies, will take effect on June 1st, 2021, according to the UAE Ministry of Economy.
The UAE government recently amended the Commercial Companies Law to allow companies to be owned entirely by foreigners. Likewise, it has also been reasoned that the revised 'Commercial Companies Law' shall improve the country's competitiveness and is part of the UAE government's attempts to make doing business easier.
Likewise, it has also been argued that the new Commercial Companies Law's reforms would increase the UAE's attractiveness as a desirable destination for international buyers, entrepreneurs, and talent. Moreover, the amendments highlight the possibility of being able to boost the country's status as an international economic hub while being able to stimulate investment in the country's most important industries.
Similarly, it must be noted that the 'Positive List' specifies the activities that are open to 100% foreign business ownership. The activities under the 'Positive List' are as follows: