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100% foreign ownership in the UAE Companies

As per the recent update on UAE company law, the foreign business owners who has the desire to start a company in the UAE will no longer need an Emirati shareholder or agent.

The changes are made to boost the country’s competitive aspects and is a part of UAE government initiative to encourage business. The UAE government announced the law allowing 100% foreign ownership of companies last year whaich was introduced with a mission of attracting investment and foreigners into UAE, but the plan was badly affected by the coronavirus.

The changes to foreign ownership rules are applicable equally to both new and existing companies, as long as they are carrying out activities which fall under the relevant ‘positive lists’.

Why choose AGX auditors?

AGX auditors are the team of professional accounting and auditing service providers in DUBAI,UAE. We are registered Auditors under the Ministry of Economy UAE , Dubai delivering dedicated Audit, Accounting, Tax services, Financial Advisory and Business Advisory Services complying regulatory requirements.

Our services are available to all the Emirates in UAE. AGX is one of the accredited auditors for DIFC,DMCC,DAFZA ,JAFZA and all other Free Zones in Dubai and UAE.

We at AGX will assist you in taking care of all the procedures involved in the VAT process. Call us today for any kind of assistance at +971 50 2981990 or email us at agx@agxauditors.com to get all your queries addressed.

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