Law Firm ILN-telligence Podcast | Episode 74: Ziad Salloum, Salloum & Partners, United Arab Emirates
Dubai's real estate market has displayed a remarkable recovery post the pandemic, marked by property demand. However, within this positive backdrop, certain landlords have attempted to impose substantial increases in annual...more
The UAE is a popular destination for real estate investment due to its booming economy, attractive tax benefits and stable political environment. Purchasing a property in the UAE can be an attractive investment opportunity...more
In September 2020, the UAE Cabinet of Ministers (the Cabinet) issued Law No. 26 of 2020 (the Amendment) which amended certain provisions of the UAE Companies Law No. 2 of 2015 (the Companies Law). The amendments include...more
In November 2020, we released a client alert (available here) outlining significant amendments to the U.A.E.’s Companies Law that were yet to take effect at the time of writing. Most importantly, these amendments were to...more
In our previous client alert, we reported that certain key changes were introduced to the United Arab Emirates (UAE) Commercial Companies Law No. 2 of 2015 (Companies Law). The text of the Federal-Decree Law No. 26 of 2020...more
New changes to UAE corporate and foreign ownership laws will abolish longstanding foreign ownership restrictions and remove substantial barriers to doing business in the UAE. ...more
On 23 November 2020, the UAE government announced that His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE had issued a decree (the “Decree”), amending existing foreign ownership rules for onshore UAE...more
Federal Decree-Law No. 26 of 2020 (the Decree) has been issued, introducing significant amendments to Federal Law No. 2 of 2015 on Commercial Companies (the CCL). - The Decree amends 51 articles of the CCL and introduces...more
Introduction - On 23 November 2020, Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates (UAE), issued a decree overhauling the rules relating to foreign ownership of companies in the UAE (the Decree) by...more
This briefing supplements our previous Dechert OnPoint briefings “Alert on New UAE FDI Law,” and “UAE FDI Law Positive List Confirmed” which discussed the introduction of the Foreign Direct Investment Law (Federal Decree-Law...more
This article is a two-part article concerning the foreign ownership restriction (the Ownership Restriction) which is currently in force in the United Arab Emirates (the UAE) and recent announcements from the Cabinet of...more
At a meeting of the Cabinet of the Council of Ministers of the United Arab Emirates (“UAE”), the UAE Government decided to allow foreign investors to own 100% of their businesses in the UAE and approved sweeping changes to...more