Q: I have a general trading company in Dubai that was formed this year. I own 49% and a local sponsor owns 51%. Is it possible to own 100% of the company… A: There can be 100% ownership for the foreign nationals in the mainland, provided that the activities are according to the approved activities…

Dubai, UAE

824

Can the partner of an LLC remove the UAE national partner with the law change?

I have a general trading company in Dubai that was formed this year. I own 49% and a local sponsor owns 51% as per the UAE laws.

However, is it possible to own 100% of the company instead of not having to require a sponsor due to newly reformed laws?

Khaled Mahmoud Shibl

MIO Law Firm (Abu Baker Salem Advocates & Legal Consultants)

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21 Jun 2021, 13:50

Hello,

As per your query, please note that there can be 100% ownership for the foreign nationals in the mainland, provided that the activities are according to the approved activities for DED.

Please call or email us for further assistance.

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Can the partner of an LLC remove the UAE national partner with the law change?