A comprehensive overview of the latest amendments to UAE commercial law and their implications for businesses operating in the region.
The UAE has recently implemented significant changes to its commercial law framework, reflecting the country's commitment to modernizing its business environment and attracting foreign investment.
Key changes include amendments to the Companies Law, which now allows 100% foreign ownership in most sectors, removing the previous requirement for a local sponsor holding 51% of shares. This landmark change has opened up new opportunities for international businesses looking to establish a presence in the UAE.
Additionally, the new Commercial Transactions Law introduces updated provisions for electronic commerce, digital signatures, and online business transactions. These changes align UAE law with international standards and support the country's digital transformation goals.
For businesses already operating in the UAE, these changes may require updates to existing company structures, shareholder agreements, and compliance procedures. Our legal team is available to assist with navigating these transitions and ensuring full compliance with the new regulations.
The firm recommends that all business owners and investors review their current arrangements in light of these changes to take advantage of new opportunities and avoid potential compliance issues.
Raees Qureshi
Senior Advocate & Legal Consultant
25+ years of experience in UAE law. Licensed by the UAE Ministry of Justice.
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