Practical Implementation of new Foreign Direct Investment rules for LLCs (Federal Decree Law No. 26 of 2020)
Following SCHLÜTER GRAF’s legal briefing on the “Practical Implementation of Federal Decree Law No. 26 of 2020 for Branches of Foreign Companies” dated 22nd April 2021, it has recently been announced that from 1st June 2021 the foreign ownership restrictions with regard to limited liability companies are to be mostly lifted (with certain exceptions); this will have a direct impact on foreign direct investment in the UAE.
The new legal briefing provides an overview on the expected changes to the licensing requirements for LLCs in Dubai and Abu Dhabi and can be downloaded HERE .
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Austrian Business Council
Austrian Business Council Dubai & The Northern Emirates Austrian Business Center, DMC, Concord Tower, 6th floor P.O.Box 126732, Dubai United Arab Emirates