subject :

The federal decree that introduced amendments to the UAE Federal Law No. 2 of 2015 on commercial companies is the latest in a series of measures adopted by the UAE to enhance the country's business environment and attract more foreign investments. Apart from achieving these goals, they are also set to create new job opportunities, stimulate market movement, develop skills, enhance foreign investors' confidence in the UAE markets, thereby developing non-oil income.These amendments mark an important step forward in the efforts made to support the national economy and accelerate the recovery process and drive economic growth in the country. They achieve these goals by enhancing the ability of the UAE economy to adapt to changes and economic challenges in future. Given the recent spread of the Covid-19 pandemic, which left its dark shadows on the global economy, these measures become even more important.

The positive effects of the new amendments will also be reflected by enhanced productivity of national companies and their competitiveness in the local and global markets. Furthermore, they help small, medium and family companies to transform into joint stock companies listed in the financial markets.

Target :

In line with our keenness to learn about your opinions and suggestions regarding the amendments to the Commercial Companies Law, we invite you to share with us your thoughts on this law and its amendments. You are also welcome to submit suggestions on further enhancing the investment climate and how to facilitate commercial and administrative procedures for companies in the country in order to promote its business environment. We would also like to hear from you your views on how to support the UAE's efforts to enhance its capacity to attract emerging and innovative companies and small and medium enterprises (SMEs), which are based on advanced technology. By doing this, we will also be able to open up opportunities for Emirati entrepreneurs to enter into effective partnerships with foreign companies for the benefit of the national economy.

Decision :

The Ministry will be keen to study all suggestions and opinions to learn about the ideas and requirements of the corporate and business sector in the country and to benefit from them in drawing future economic policies. It aligns with our interests to create an encouraging economic environment and enhance the ability of the corporate sector to contribute more to advancing economic growth in the country. These efforts will support the UAE's position as a regional and global center for doing business and investments by enhancing the transparency of economic legislation, especially with regard to the investment climate, company incorporation regulations and ease of doing business.