Allows financial entities to provide loans to board members
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- Investor Navigator
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- Cooperative Associations and Strategic Stock of Food Commodities Legislations
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Learn About UAE Laws
A Legal System that Enhances Investment Environment
The UAE has advanced set of laws that align with the national investment directives including well-established legislative structures that aim to attract foreign investment. The Commercial Companies Law of 2020 is a qualitative leap in legal legislation encouraging investment and business establishment, granting foreign investors the ability to establish companies and have full ownership of their companies. Investment opportunities are offered in all economic sectors and activities, with the exception of activities with a strategic impact.
Attracting Foreign Investments
Commercial Companies Law Enhances Open Business Environment
Federal Law No. (26) of 2020 regulates company activities in the UAE and amends certain provisions of Federal Law No. (2) of 2015 on commercial companies. It is considered a significant step taken by the UAE towards developing its national economy and strengthening it to reach new levels of excellence and leadership, in addition to adopting new models of economic development that are aligned with its futuristic vision. The law seeks to enhance the open business environment, boost ability to attract foreign investments in new economic sectors, diversify the economic base, increase the contribution of non-oil sectors to GDP, create new employment opportunities, drive market growth, localise technologies, and develop human talent and resources.
Key Benefits Granted to Foreign Investors by Federal Law No (26) of 2020 Amending the Commercial Companies Law
Asset Publisher
null Allows financial entities to provide loans to board members
Financial institutions are not subject to the control and supervision of the Central Bank from the prohibition of extending loans to members of the board of directors of a joint stock company.
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Page was last updated on:
10 Oct 2024 3:37:13 AM
