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In our previous client alert (which can be viewed here), we reported that certain key changes were introduced to the United Arab Emirates (UAE) Commercial Companies Law No. 2 of 2015 (Companies Law). The text of the Federal-Decree Law No. 26 of 2020 amending certain provisions of the Companies Law (the Federal Decree) has now been published in the Official Gazette on 27 September 2020.
This client alert provides a high-level summary of some of the key changes affecting foreign direct ownership and investment in the UAE, particularly in relation to onshore limited liability companies (LLCs) as well as onshore branches and representative offices of foreign companies.
Tuesday, January 26, 2021
In our previous client alert (which can be viewed here), we reported that certain key changes were introduced to the United Arab Emirates (UAE) Commercial Companies Law No. 2 of 2015 (Companies Law). The text of the Federal-Decree Law No. 26 of 2020 amending certain provisions of the Companies Law (the Federal Decree) has now been published in the Official Gazette on 27 September 2020.
This client alert provides a high-level summary of some of the key changes affecting foreign direct ownership and investment in the UAE, particularly in relation to onshore limited liability companies (LLCs) as well as onshore branches and representative offices of foreign companies.