A major new law change in the UAE means that foreign nationals and expats can now own 100% of their business in the country. Previously, companies needed an Emirati co-owner.
The new move will reduce costs for investors and make launching a business a lot easier for UAE expats.
The news was broken by The National. And it’s likely to have a big impact on business in the region, making it easier and cheaper to launch your own business.
This is just the latest big law in recent weeks.
The UAE Government recently passed a series of law reforms and changes which will have a huge impact on the way we live our life here.
The new regulations cover everything from divorce, alcohol, inheritance as well as bringing in much stronger women’s rights.
The news was first posted by The National. And it’s a huge step forward for making the UAE more welcoming and modern.