UAE allows full foreign ownership of firms

Abu Dhabi

ABU DHABI, November 25, 2020 – The UAE has relaxed its rules on foreign ownership of companies set up within the emirates, allowing 100% foreign-held businesses.

The move is seen as a bid to attract greater foreign investment during the long fallout from the Covid-19 pandemic.

Local media reported on Monday that as of December 1, companies established in the UAE will no longer be required to have Emirati stakeholders – one of a series of legal changes the country has introduced in the past month as it targets a new influx of foreign capital.

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