عزل الكفيل المواطن لشركة ذات مسؤولية محدودة وجعلها ملكية أجنبية بنسبة 100٪

Thank you for contacting Maha Bin Hendi Law Firm for legal assistance.

In regard to your inquiry, kindly note that Federal Law No. 19/2018 on Foreign Direct Investment has been superseded with Federal Decree-Law No. 26/2020 On the amendment of certain provisions of Federal Law No. 2/2015 on Commercial Companies.

A new list of applicable commercial activities has been issued that can be 100% foreign-owned.

However, the requirements to make a company 100% foreign-owned require the consent of all shareholders in the company.

In your case, since a local company owns at least 51% of the company, then the local company’s general assembly must issue a resolution to transfer their shares to the foreigner.

For more information on this matter, and for further assistance in finalizing this process, please contact us via phone or email.