Avyanco welcomes commercial company law amendment allowing 100% foreign ownership in UAE

Avyanco Business Consultancy LLC welcomed the recent amended commercial companies law that came into effect on June 1st, 2021.

Mr. Ravi Kotwani, Director of Finance explains further. “The change of foreign ownership rules on the mainland is unquestionably a game-changer in the UAE and Dubai's investment scene. It is expected that it will provide improved convenience and freedom for investors to establish their firms. As always, Avyanco Business Consultancy LLC welcomes such fantastic advances and are ready to add FDI company formation to our offered spectrum of solutions.”

He also added “The FDI formation structure is going to further increase UAE's appeal as a regional investment hub, and Avyanco is excited to welcome new ventures across different sectors.”

The amendment allows 100 % foreign ownership of enterprises on the UAE mainland. This allows for investments in a variety of flourishing industries such as commercial, trading, industrial, agricultural and service sectors and ownership as well as control of all shares in non-free zone enterprises.

The amendment of UAE commercial companies law brings a positive feel to the UAE business environment, in terms of investment in UAE, especially Dubai. These investor-friendly laws ensures higher investments happening in the local business landscape. This will be especially noticeable with higher numbers for real-estate investments, new company incorporations, and relocations to Dubai.

Investors who used to be wary of the 51% local ownership clause can now safely invest and have 100% ownership of their company. This makes Dubai a very attractive destination as company headquarters/head office for operating the business globally. Being headquartered in Dubai brings an added advantage of no income or corporate tax. The new amendment is the latest among several investor-friendly laws and regulations in the UAE, such as Golden Visa (10 years residency visa), 100% foreign ownership in companies, and long term residence visa on properties. Over and above, the UAE leadership successfully handled the Covid-19 pandemic that brought several countries to a grinding halt.

Mr. Ravi Kotwani, further stated “As a business setup consultancy in Dubai, Avyanco Business Consultancy LLC is a certified business setup consultant and auditing firm in Dubai with a team of qualified and expert professionals. We are here to support clients considering new investments or reviewing their current ownership and governance arrangements. We can help assess the impact of the amended commercial companies law on their existing or upcoming businesses and discuss suitable investment opportunities infused with our core principles of productivity, innovation, transparency, trust, respect and responsibility. We are proud to announce our belief in building relationships by fulfilling the client’s expectations”.

Team Avyanco helps converting your dream of company formation in Dubai with 100% foreign ownership into reality, while holding your hand in every step of business growth – by offering, complete financial and company setup services. Part of the services also assist existing companies coming under this law by smoothening the entire process.

Their team is packed with a set of farsighted business setup consultants, seasoned lawyers and agile PRO executives, offshore personnel, and operations staff and more. All set to deliver tailor-made financial management services and consultation. The finance specialists here are known for their quality-oriented attitude with a customer-centric approach and aim to serve their clients with extreme dedication streamlining their financial perspectives.