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All You Need to Know About The New 100% Foreign Ownership Amendment in Dubai Mainland

If you are an investor or entrepreneur who is planning to set up your business in Dubai mainland, you will have numerous doubts about the 100% ownership policy. According to a new amendment made to the Commercial Companies Law, expats can now enjoy 100% ownership of businesses in Dubai mainland. In this blog, we will explain in detail about this new amendment and the benefits which expats can enjoy. 

What is the list of economic activities with a strategic impact that needs an Emirati partner?

Earlier only a few commercial and industrial activities were allowed to have 100% ownership by expats. The remaining activities were supposed to have a local sponsor with 51% ownership. 

Listed below are the activities that require an Emirati partner:  

1. Security and defense activities and military activities.  

2. Services related to the fisheries field.  

3. Banks, exchange houses, finance companies.  

4. Print banknotes cash.  

5. Communications.  

6. Hajj and Umrah services.  

7. Centers for memorizing the Holy Quran  

Who is eligible for 100 % ownership according to the revised amendment?

The revised amendment will be applicable to 1,061 economic activities out of the total 2,300 activities listed by the Department of Economic Development (DED). As a result, currently half of the business activities across sectors including trading and manufacturing can now enjoy 100% ownership of the business. However, for professional services activities, entrepreneurs still require a local service agent and must follow the sole establishment legal structure rather than an LLC. 


 

This revision in the amendment will make the UAE economy inviting for businesses and investors as well as improve the ease of doing business in the country. If you wish to set up your business in Dubai mainland, Polestar Advisory Services can offer you expert company formation guidance making your journey easier like never before. Contact us at (+971) 585139299 or info@polestaradv.com to know more about our services.