Dubai: Practical Implementation of Federal Decree Law No. 26 of 2020 for Branches of Foreign Companies

22. April 2021  

As previously announced, the government of the United Arab Emirates (UAE) has amended the Commercial Companies Law (Federal Law No. 2 of 2015, “CCL”) by issuing Federal Decree Law No. 26 of 2020 (“Decree Law”) and thereby overhauling the entire corporate landscape by removing the general requirement to have a majority Emirati shareholder/service agent. In this legal briefing we provide an overview on the changes made to the licensing requirements for branches of foreign companies in Dubai.