Clifford Chance
The End of the UAE Foreign Ownership Restrictions?
25 November 2020
In what is being hailed as a major shake-up for foreign direct investment into the UAE, we understand that a decision has been issued by the President of the UAE, His Highness Sheikh Khalifa, to give effect to reform of the UAE's current foreign ownership regime. This will see significant changes being made to the UAE Commercial Companies Law and, what is expected to result in, the repeal of the Foreign Direct Investment Law.
It is anticipated that these changes will come into effect from 1 December 2020. At the date of publishing this briefing, amendment legislation has not been made publicly available or issued in the UAE Federal Gazette.
