The United Arab Emirates (UAE) has recently introduced new laws that allow foreign investors to have 100% ownership in certain types of businesses in the country. These laws are part of the UAE’s efforts to attract more foreign investment and diversify its economy. Here are some important things to know about 100% ownership for expats in the UAE:
Eligibility: Foreign investors can have 100% ownership in certain types of businesses, such as those in the technology, healthcare, and education sectors. The eligibility criteria may vary depending on the emirate and the specific industry.
Legal Forms: The 100% ownership rule applies to certain legal forms of companies, such as limited liability companies (LLCs), sole proprietorships, and civil companies. It does not apply to companies in the oil and gas, banking, and insurance sectors.
Registration: To register a company with 100% ownership, foreign investors must follow the same registration process as local investors. They must obtain the necessary licenses and approvals from the relevant authorities and comply with the applicable laws and regulations.
Capital Requirements: The capital requirements for companies with 100% ownership may vary depending on the emirate and the specific industry. Some industries may require a minimum capital investment to qualify for 100% ownership.
Visa Eligibility: Foreign investors who own 100% of a business in the UAE are eligible for a residency visa. The visa requirements may vary depending on the emirate and the specific industry.
Overall, the 100% ownership rule in the UAE is a positive development for foreign investors who want to start a business in the country. It provides greater flexibility and control over their businesses and can help attract more foreign investment to the UAE. It is important to consult with legal and business advisors to understand the specific requirements and regulations for your business.