UAE Foreign Ownership Changes in Effect from 1 June 2021

Changes in the United Arab Emirate's foreign ownership rules came into effect on 1 June 2021, allowing 100% foreign ownership of the share capital of limited liability companies in the UAE. Previously, a 49/51 rule applied that generally required 51% ownership by a UAE national or a company owned by a UAE national. However, foreign ownership restrictions are still allowed in relation to certain activities with so-called strategic impact.

As previously reported, the UAE Abu Dhabi Business Cen…