Establishment of companies in the UAE

The Emirates News Agency reported today, Monday, that foreigners no longer need an Emirati shareholder or agent when establishing a company in the country, according to an amendment to the Companies Law. So far, the establishment of companies in the UAE requires a certain percentage of participation from Emirati citizens or an Emirati agent, depending on the type of company. “The amendments allow foreign entrepreneurs and investors to establish and own companies completely without the need for a specific nationality,” the agency said. She added, “The requirement that a foreign company wishing to open a branch in the country to have an agent who is a citizen of the
country has also been cancelled.

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