Foreigners are allowed to establish companies with 100 percent full ownership
I want to establish a business in Dubai
But can I own 100% of the company’s shares or a local partner is necessary?
Foreigners are allowed to establish companies with 100 percent full ownership, based on the provisions of Federal Decree-Law No. 26 of 2020 amending the provisions of Federal Law No. 2 of 2015 on Commercial Companies.
Yes you can own a business within the free zones with 100% ownership to practice your business, moreover, the Companies Act and Official decisions Act have opened up many options for foreigners to establish many types of economic entities that are 100% owned by foreigners
As per the guidelines published by Dubai Economy on its website, 100 percent foreign ownership is available for more than 1,000 commercial and industrial activities (PDF, 500 KB), excluding economic activities with a strategic impact, which relate to seven sectors.