100% Foreign Ownership in the UAE: New Environment for Foreign Direct Investment on the Eve of Expo 2020
Crowe UAE is pleased to announce the upcoming webinar “100% Foreign Ownership in the UAE: New Environment for Foreign Direct Investment on the Eve of Expo 2020”, taking place on Tuesday, 14 September 2021, 12:00-13:30 Vienna time (CEST)/14:00-15:30 UAE time (GST), and organised by Austro-Arab Chamber of Commerce (AACC) in cooperation with the esteemed Embassy of the United Arab Emirates in Vienna and Crowe UAE.
Recently, a new foreign investment law came into effect, allowing 100% foreign ownership of companies in the United Arab Emirates. Various clarifications, including procedural aspects, were provided in June 2021. The amendments to the commercial company law offer an ideal legislative environment for foreign direct investors to enhance the nation’s competitiveness. Foreigners opening a company in the United Arab Emirates will no longer need an Emirati shareholder or agent under the amended regulations of the commercial company law.
This webinar seeks to provide an overview of the legislative framework and advantages of the new law for the interested business community, as well as the UAE’s economic situation and recent developments.
Please save the date in your calendar and kindly register HERE. Detailed programme to follow shortly.