Zero Local Sponsorship Fee – 100% Owned Dubai Company

December 15, 2020

If you are a foreign national or expat planning to setup a company in #Dubai or elsewhere in the UAE, you probably think that #companyformation and #businesssetup will always require local sponsorship. But just recently, UAE government issued a Presidential decree to allow foreign nationals to own 100% of the commercial company within the Emirates.

This amendment to Commercial Companies Law would mean that commercial companies will no longer require a major UAE national shareholder or agent, thus allowing full ownership to expats. Non-Emiratis of all nationalities can now setup their own #business enterprise and existing companies have been granted a maximum of one year to comply with the amended law and change the status on foreign ownership. With the new amendment, businesses are expected to increase which will result to economic growth in the UAE.

Are you interested in setting up a company in Dubai or anywhere else in the #UAE? We will help you with the company formation process. EBS is one of the leading #businessconsulting firm and trusted by several companies. Feel free to contact us and speak to our #businesssetup experts today. Call us at +971 4303 8333 or email us at info@ebsuae.com.

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