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.