Good news for non-Emirati investors!
The government of UAE has recently scrapped the need to have an Emirati sponsor to put up a business.
The new rule now allows expatriate investors 100 percent ownership.
It will be effective starting December 1.
The new initiative is in line with a federal law that was issued by President His HighnessSheikh Khalifa bin Zayed Al Nahyan, which amends Law No. 2 of 2015 on companies and their shareholding.