UAE allows 100% ownership of businesses for foreign nationals from December 1, 2020 ...United Arab Emirates

Dubai: The UAE has scrapped the need to have UAE nationals as sponsors, thus allowing expatriate investors 100 per cent ownership with effect from December 1, 2020. The move is in line with a federal law issued by President His Highness Sheikh Khalifa Bin Zayed Al Nahyan and which amends Law No. 2 of 2015 on companies and their shareholding. The long-awaited 100 per cent ownership by foreign nationals of companies licensed and registered in the UAE is allowed as per Cabinet Resolution No. 16 of 2020. In recent years, individual emirates allowed foreign national owned companies to acquire the remaining stakes on a case by case basis. The latest amendment thus extends the scope of that signif

Read More Details
Finally We wish PressBee provided you with enough information of ( UAE allows 100% ownership of businesses for foreign nationals from December 1, 2020 )

Also on site :

Diddy Trial Recap: Kid Cudi Testifies About Home Break-In and Porsche Molotov Cocktail Explosion
Jenna Bush Hager Gives a 'Clue' About Her Next 'Surprise' Guest Host
Inside Mercedes-Benz’s plans to create a new HQ with hundreds of jobs in Atlanta

UAE allows 100% ownership of businesses for foreign nationals from December 1, 2020 ...United Arab Emirates

Olly Murs walks off stage in Glasgow after voice struggles

How Grant Ellis Navigates Comments About Juliana Pasquarosa Relationship

'Shun fictitious narratives, resolve disputes through dialogue', Pakistan tells India

Black Lives Matter street murals stand as an enduring reminder of protests

Volvo Trucks Driver Challenge - Yakıt ekonomisini en üst düzeye çıkarırken taşımacılık sektörünü karbonsuzlaştırmaya yönelik bir adım

Meet the Yoonies: Ex-president's shadow looms over South Korean poll

Israeli diplomat accuses Trump plane-gifter Qatar of funding antisemitism in the US

Nuapada: Odisha Vigilance Conducts Raids at 8 Locations Linked to Junior Engineer

GOP bill cuts social spending—but popular tax break for hedge funds survives

This redundant aviation safety net helps keep planes safe when controllers lose contact

The Thunder’s Game 2 Win Over the Timberwolves Was the Coronation of Shai-Gilgeous Alexander

NYT ‘Connections’ Hints and Answers Today, Friday, May 23

BOJ and Ishiba pressured as prices rise the fastest in two years

Black Lives Matter street murals stand as an enduring reminder of protests against racism

Third person charged with helping escaped New Orleans inmates