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100% Foreign Ownership June 2021 Onward

Great News For Every Entrepreneur!

The UAE has recently announced an amendment to the Commercial Companies Law by eliminating the need for an Emirati shareholder when applying for a business license in the UAE.

This change is effective as of June 1, 2021.

Initially it was a necessity to have a local shareholder or sponsor as per the prerequisites for the mainland business setup license.

The purpose of this change is to improve the economy, ease the process of starting a business in the UAE and open opportunities for various entrepreneurs.

Image source: Unsplash

Fun fact:

The Government of Dubai has been an avid supporter of technology and entrepreneurship. This has led the city to become the ultimate destination for IT startups to emerge, easily receive funding and innovate the city.

Do you think you have an entrepreneurial idea that will skyrocket with success in the UAE? We do too!

We want to help you move from thoughts and into action, book your consultation where we tell you the awesome ways you can make the most of your genius entrepreneurial idea.