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

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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?