In a major bid to entice foreign investment, the UAE government has announced amendments to commercial laws.<\/p>\n
Companies will no longer need Emirati co-ownership and can be 100% foreign-owned, an act which would reduce costs for investors considering doing business here and make starting a business more accessible. The announcement came along with the further adjustments to commercial company law, according to The National.<\/a> The key points include:<\/p>\n -Onshore companies no longer need a UAE shareholder<\/p>\n -Board of directors no longer need an Emirati majority<\/p>\n -Some exemptions include the most important sectors, including oil and gas, state-owned entities and transport<\/p>\n More info to follow…<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":"In a major bid to entice foreign investment, the UAE government has announced amendments to commercial laws. Companies will no longer need Emirati co-ownership and can be 100% foreign-owned, an act which would reduce costs for investors considering doing business here and make starting a business more accessible. The announcement came along with the further … ","protected":false},"author":453,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85,50],"tags":[],"acf":{"hide_featured_image":false,"featured_image":{"ID":34339,"id":34339,"title":"","filename":"Breaking-News-Graphics.png","filesize":36239,"url":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2020\/09\/15110654\/Breaking-News-Graphics.png","link":"https:\/\/lovin.co\/dubai\/en\/coronavirus\/breaking-the-uae-allows-use-of-covid-vaccine-for-frontline-workers\/attachment\/breaking-news-graphics-2\/","alt":"","author":"1","description":"","caption":"","name":"breaking-news-graphics-2","status":"inherit","uploaded_to":34330,"date":"2020-09-15 07:06:54","modified":"2022-02-17 11:31:40","menu_order":0,"mime_type":"image\/png","type":"image","subtype":"png","icon":"https:\/\/lovin.co\/dubai\/en\/wp-includes\/images\/media\/default.png","width":800,"height":400,"sizes":{"thumbnail":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2020\/09\/15110654\/Breaking-News-Graphics-small.png","thumbnail-width":150,"thumbnail-height":150,"medium":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2020\/09\/15110654\/Breaking-News-Graphics-medium.png","medium-width":300,"medium-height":150,"medium_large":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2020\/09\/15110654\/Breaking-News-Graphics-768x384.png","medium_large-width":768,"medium_large-height":384,"large":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2020\/09\/15110654\/Breaking-News-Graphics-large.png","large-width":800,"large-height":400,"1536x1536":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2020\/09\/15110654\/Breaking-News-Graphics-800x400.png","1536x1536-width":800,"1536x1536-height":400,"2048x2048":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2020\/09\/15110654\/Breaking-News-Graphics-800x400.png","2048x2048-width":800,"2048x2048-height":400,"small":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2020\/09\/15110654\/Breaking-News-Graphics-230x115.png","small-width":120,"small-height":60,"custom-size":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2020\/09\/15110654\/Breaking-News-Graphics.png","custom-size-width":400,"custom-size-height":200}},"featured_image_caption":"","summary":"","flexible_content":[{"acf_fc_layout":"text_block","content":" In a major bid to entice foreign investment, the UAE government has announced amendments to commercial laws.<\/p>\n Companies will no longer need Emirati co-ownership and can be 100% foreign-owned, an act which would reduce costs for investors considering doing business here and make starting a business more accessible. The announcement came along with the further adjustments to commercial company law, according to The National.<\/a> The key points include:<\/p>\n -Onshore companies no longer need a UAE shareholder<\/p>\n -Board of directors no longer need an Emirati majority<\/p>\n -Some exemptions include the most important sectors, including oil and gas, state-owned entities and transport<\/p>\n More info to follow…<\/p>\n"}],"legacy_image":"","legacy_full_image":"","type_of_video":"Self Hosted","lovin_video_link":false,"lovin_video_link_webm":false,"video_thumbnail":false,"disable_lovin_hearts":false,"lovin_heart_title":"","show_sponsor":false,"sponsor_image":false,"sponsor_name":"","sponsor_content":"","sponsor_website":"","sponsor_facebook":"","sponsor_twitter":"","sponsor_instagram":"","enable_reveal_feature":false,"reveal_image":false,"featured_for_app":false,"legacy_meta_tags":"","is_guest_user":false,"episode_number":"","embed_code":"","episode_introduction":""},"image_feature":null,"author_name":"hello@lovindubai.com","_links":{"self":[{"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/posts\/37731"}],"collection":[{"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/users\/453"}],"replies":[{"embeddable":true,"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/comments?post=37731"}],"version-history":[{"count":0,"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/posts\/37731\/revisions"}],"wp:attachment":[{"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/media?parent=37731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/categories?post=37731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/tags?post=37731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}