Skip to content
redeem-officesetup

Primary Menu
  • Advertising
  • Fundraising
  • Business
  • Sales
  • Management
Watch Video
  • Home
  • Business
  • Business In UAE Without Local Sponsor
  • Business

Business In UAE Without Local Sponsor

Paul diverson January 16, 2021
Business In UAE Without Local Sponsor

Foreigners who open a company in the United Arab Emirates no longer need an Emirati shareholder or agent under changes to UAE company law. This means that business setup in the UAE is now easier. Previously it was mandatory for a foreign investor to get a local sponsorship to be able to invest in UAE. Thankfully, local sponsorship is not required for few business. Let’s look into the details of what actually the law regarding local sponsorship states.

From December 1, 2020, the Government of the United Arab Emirates (UAE) will allow certain foreign investors to have full local companies without an Emirati sponsor. This law applies to foreign investors who have 51% shareholding rights.

These changes will be made through the Foreign Direct Investment Act, adopted by Legislative Assembly No. 19 of 2018 and determination 16 gone by the UAE Council of Ministers in March 2020. 2 passed in 2015.

Under the current CCL, foreign shareholders may account for only 49 percent of LLC operating as a UAE offshore business. The law requires an Emirati-owned company or a citizen of the Emirate to manage the remaining 100 percent (51 percent) of the total allocation and act as a local sponsor.

The Foreign Direct Investment Act has amended the CCL with the addition of 51 new articles and reviews. Its amendments primarily address the founding companies with limited shareholder arrangements.

In March 2020, the Department of Economic Development (DED) released the Cabinet Resolution 16 of 2020 containing the “Direct List” and the requirements of 122 business activities tailored to the liberal needs.

800 Free Zone

If you are a foreign investor looking to start a business in UAE must go through all these documents carefully. It is advisable to hire a consultant who can help you with your business setup.

Continue Reading

Previous: Benefits Of Having Lift Chairs That Will Improve Your Health
Next: When Do You Need Public Adjusters?

Related Stories

unnamed (38)
  • Business

Understanding the Different Types of Office Spaces for Modern Businesses

Roxanne Reyes July 5, 2025
Mastering Phase 1 of 75 Hard: Tips to Succeed Without Burning Out
  • Business

Mastering Phase 1 of 75 Hard: Tips to Succeed Without Burning Out

Roxanne Reyes July 4, 2025
Complete Guide on Permanent vs Movable Room Dividers
  • Business

Complete Guide on Permanent vs Movable Room Dividers

Roxanne Reyes June 17, 2025

Categories

  • Accounting
  • Advertising
  • Banking
  • Business
  • Company
  • Construction
  • Credit
  • Credit Card
  • Drug Testing Services
  • Featured
  • Finance
  • Forex
  • Fundraising
  • Home
  • Industry
  • Insurance
  • insuranve
  • Investment
  • Law
  • Loan
  • Management
  • Management Software
  • Manufacturer
  • Marketing
  • Mortgage
  • Passport
  • Property management
  • Real Estate
  • Sales
  • Savings
  • SEO
  • Service
  • Software
  • Taxes
  • Tech
  • technology
  • Trading

Trending News

Understanding the Different Types of Office Spaces for Modern Businesses unnamed (38) 1

Understanding the Different Types of Office Spaces for Modern Businesses

July 5, 2025
Mastering Phase 1 of 75 Hard: Tips to Succeed Without Burning Out Mastering Phase 1 of 75 Hard: Tips to Succeed Without Burning Out 2

Mastering Phase 1 of 75 Hard: Tips to Succeed Without Burning Out

July 4, 2025
Safe and Efficient Tree Removal by Certified Tree Care Specialists Tree Surgeon 3

Safe and Efficient Tree Removal by Certified Tree Care Specialists

June 28, 2025
Key Features to Look for in a POS System for Your Restaurant c 4

Key Features to Look for in a POS System for Your Restaurant

June 25, 2025
Complete Guide on Permanent vs Movable Room Dividers Complete Guide on Permanent vs Movable Room Dividers 5

Complete Guide on Permanent vs Movable Room Dividers

June 17, 2025

You may have missed

unnamed (38)
  • Business

Understanding the Different Types of Office Spaces for Modern Businesses

Roxanne Reyes July 5, 2025
Mastering Phase 1 of 75 Hard: Tips to Succeed Without Burning Out
  • Business

Mastering Phase 1 of 75 Hard: Tips to Succeed Without Burning Out

Roxanne Reyes July 4, 2025
Tree Surgeon
  • Home

Safe and Efficient Tree Removal by Certified Tree Care Specialists

Paul Petersen June 28, 2025
c
  • Industry

Key Features to Look for in a POS System for Your Restaurant

Roxanne Reyes June 25, 2025
  • Contact Us
  • Our Mission
Copyright © 2025 redeem-officesetup.com | All rights reserved. | MoreNews by AF themes.