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Overview of the New Commercial Companies ... - STA Law Firm

The scope of the application of the CCL applies to all commercial companies that are incorporated within the UAE, foreign companies including branch of foreign companies and representative office(s). The new CCL sets out a clear explanation to its applicability and explicitly lists the kind of companies that are covered within its scope.…

UAE Companies Law update UAE - PwC

UAE Companies Law update from PwC Legal Middle East www.pwc.com UAE Companies Law: Compulsory changes required to memoranda and articles by June 2016 November 2015 In brief Following the adoption of the new Commercial Companies Law (“New CCL”) on 1 July 2015, all UAE…

Company Act in Dubai - Company Formation in Dubai

Jul 03, 2019 · Dubai’s Company Act was first enabled in 1984 and ever since it has gone through several changes in order to provide local and foreign investors with a suitable business environment. At the beginning of the year, the UAE Government announced a new Company Law would be set in place.Federal Law No.2 of 2015 on Commercial Companies establishes new regulations for those …5/5(4)…

UAE Federal Law (2) of 2015 On Commercial Companies ...

Mar 25, 2015 · Federal Law No. (2) of 2015 On Commercial Companies ... Liability Companies and Simple Commandite Companies where all the joint partners of any of such companies shall be UAE nationals, any company established in the State shall have one or more UAE partners holding at least 51% of the share capital of the company. ... licensed by the competent ...…

Business regulations - The Official Portal of the UAE ...

Business regulations related to mainland companies. The UAE Federal Law No. 2 of 2015 on Commercial Companies, as amended applies on any economic entity which practice any commercial, financial, industrial, agricultural, real estate or other kinds of economic activity on the mainland except the following: . companies excluded by resolution of the UAE Cabinet…

United Arab Emirates corporate law - Wikipedia

A civil company is 100% owned by the professional partners (except for engineering civil company), however, a UAE National Local Service Agent is normally required. A foreign company can be a partner in a civil company, as long as the foreign company is in the same field as the civil company. See also. Judicial system in the United Arab Emirates…