In the most consequential regulatory changes in memory to the business regulatory landscape, the UAE has announced the substantial expansion of the scope of 100% ownership of UAE mainland businesses for foreign nationals. The decree, which updates the commercial Companies Law, comes into force on December 1, 2020. On the tail end of 2018, the UAE …

On the tail end of 2018, the UAE introduced an FDI Law opening the door to possible exceptions where the mandatory 51% shareholding of LLCs by UAE nationals or entities wholly owned by UAE nationals may be lifted. This constituted a major breakthrough in relation to foreign investment rules. This announcement was followed by further …