The UAE Federal Law No. 2 of 2015 on Commercial Companies , as amended applies on any economic entity which practice any commercial, financial, industrial, agricultural, real estate or other kinds of economic activity on the mainland except the following:
- companies excluded by resolution of the UAE Cabinet
- companies wholly owned by federal or local governments and companies held in full by such companies, if a special provision to this effect mentioned in the company's memorandum
- companies operating in certain oil, gas and power sectors in which the federal or local government directly or indirectly holds 25per cent , provided a provision to this effect is mentioned in its MoA.
Related links:
Updated on 13 Jun 2022
