UAE: Practical Implementation of new Foreign Direct Investment rules for LLCs (Federal Decree Law No. 26 of 2020)

26. May 2021  

Following our legal briefing on the “Practical Implementation of Federal Decree Law No. 26 of 2020 for Branches of Foreign Companies” dated 22 April 2021, it has recently been announced that from 1 June 2021 the foreign ownership restrictions with regard to limited liability companies (“LLCs”) are to be mostly lifted (with certain exceptions); this will have a direct impact on foreign direct investment (“FDI”) in the UAE. In this legal briefing we provide an overview on the expected changes to the licensing requirements for LLCs in Dubai and Abu Dhabi.