Summary
- The UAE's Federal Decree-Law No. 32 of 2021, effective from January 2, 2022, replaces the previous Commercial Companies Law and removes the requirement for majority Emirati ownership in mainland companies.
- The law outlines specific company forms allowed on the mainland, including limited liability companies and joint stock companies, while free zones operate under separate regulations.
- Significant amendments in Federal Decree-Law No. 20 of 2025 introduce joint venture mechanics and different share classes, enhancing flexibility for businesses transitioning from free zones.
- Investors must navigate varying emirate-specific regulations to ensure compliance with ownership rules and licensing requirements, highlighting the need for careful legal advice before incorporation.
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