100% Full Foreign Ownership License Dubai
Federal law on commercial companies
Foreigners can establish companies with 100% full foreign ownership license Dubai, based on the provisions of Federal Decree-Law No. 26 of 2020 amending the provisions of Federal Law No. 2 of 2015 on Commercial Companies.
The commercial companies don’t need more to be major Emirati agents. It leads conveniently to the provision of full foreign ownership license Dubai to those who are not from Emirates and they can have nationalities of onshore companies established by them.
The process of selling stocks in a company is known as an initial public offering or IPO. In the past, IPOs were only available to large companies with established histories, but today they are also available to smaller companies.
The first step of the IPO process is for a company to register with the Securities and Exchange Commission. This registration is known as Form S-1 and must be filed by the company’s management. The SEC will review this form and decide whether or not it should approve an IPO for that company.
The decree authorizes the DUbai Cabinet to formulate and examine a committee that includes representatives of the relevant authorities with a view to proposing activities of strategic impact and the measures required to license companies that operate in such areas. Upon the recommendation of the committee, the Cabinet will stipulate the activities that shall be considered of strategic impact and the required measures for licensing such companies.
Foreign Ownership License Dubai Activities
Department of Economic Development – Dubai identifies 1,105 registered commercial and industrial activities, for which non-citizens, whether natural or legal persons have the right to own economic license, establish commercial companies with 100 percent or less ownership and practice these activities in Dubai.
The announcement of full foreign ownership license Dubai affirms the Dubai Government’s keenness to attract more foreign direct investments by promoting an open and flexible business environment, stimulating the private sector, and enhancing the position of Dubai on the global investment map. And SHUKAR help you to get yours foreign ownership license Dubai for Mianland Business Setup.
Foreign ownership activities in Dubai
Dubai Economy permits full foreign ownership license Dubai for investors in accordance with the Federal Decree-Law No. 26 of 2020 that amended some provisions of Federal Law No. 2 of 2015 on Commercial Companies.
As per the guidelines published by Dubai Economy on its website, 100 percent foreign ownership is available for more than 1,000 commercial and industrial activities, excluding economic activities with a strategic impact, which relate to seven sectors.