Sharjah: A landmark legislation in the Commercial Companies Law, which allows 100 percent foreign ownership of onshore companies in the UAE, is in its final stages of formation, said Abdulla Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade and Industry.
The legislation will enable investors and business in 10 new sectors of strategic importance to come under the purview of the law, and the list sectors and the regulations associated with their entry into the local market will be announced by the UAE Cabinet soon.
Al Saleh added that the cancellation of the national service agent requirement came into force on April 1, also affirming that all current and previously licensed businesses in the UAE can amend their statuses according to the new amendments to the commercial companies law.
Sharjah is a lucrative hub of global investments, partnerships
2 hours ago The Department of Government Relations in Sharjah is taking more initiatives to make the emirate a global investment hub. WAM Sheikh Fahim Bin Sultan Al Qasimi, Chairman of the Department of Government Relations in Sharjah, stated that the department has enhanced the stature of the UAE, in general, and Sharjah, in particular, as an economic centre based on knowledge, while attracting various global investments and partnerships aimed at employing technology and innovation and achieving sustainable development.
“On the directives of His Highness Dr Sheikh Sultan Bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, the emirate has implemented ambitious plans for several key sectors, which are the economy, trade, education, knowledge, culture and heritage, as part of a comprehensive programme that aims to make the emirate a global centre of these sectors. The de
Sharjah entrepreneurship unit to co-build 8 high impact startups tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
Sharjah Economic Ramadan Majlis to focus on advancing UAE economy
11 Apr 2021 Officials during the virtual session of the 6th Sharjah Economic Ramadan Majlis.
The Sharjah Investment and Development Authority (Shurooq) in collaboration with the Sharjah Chamber of Commerce and Industry (SCCI) and Sharjah FDI Office (Invest in Sharjah) are organising the seventh edition of the Sharjah Economic Ramadan Majlis on Wednesday, April 21, at Sharjah Research Technology and Innovation Park (SRTIP).
Held under the title, ‘The role of the New Industrial Strategy and Commercial Companies Law in developing the national economy and enhancing its competitiveness,’ the Majlis will bring together a host of government representatives, diplomats, investors and prominent business leaders to discuss the impact of the new economic legislations that have come into effect recently in response to mitigate the impact of Covid-19, stimulate the local economy and bolster its competitivene
Sharjah Startup Studio Announces First Batch of On-Boarded Startups cairoscene.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cairoscene.com Daily Mail and Mail on Sunday newspapers.