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Rony Eid

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Rony Eid has over 18 years' corporate and commercial experience in the Middle East with nine years in the UAE. He is experienced in corporate and commercial transactions, FDI, mergers and acquisitions, reorganization of companies, regulatory matters, local laws and litigation. Rony also advises on the incorporation and structuring of companies in the UAE including within the free zones. Having been seconded to the in-house team of one of Dubai's leading pharmaceutical companies, Rony has a practical and commercial approach to advising clients and understanding their needs.

Earlier last week, Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates (UAE), issued a decree introducing a number of fundamental changes to the UAE Commercial Companies Law (CCL Amendment) and to the UAE’s approach towards foreign direct investment (FDI) in general. The CCL Amendment adopted a new general rule of, in principle,¬†allowing foreign investors to fully own certain¬†types of companies in the mainland of the UAE.

The current UAE Commercial Companies Law No. 2 of 2015 (as amended) (CCL) was issued in 2015 and was a long awaited development. The CCL, however, maintained many of the foreign investment restrictions of its predecessor.

In 2018, the Decree Law No. 19 of 2018 regulating Foreign Direct Investment (FDI Law) was issued with an aim to relax the investment restrictions and facilitate the establishment of companies with up to 100% foreign capital in certain strategic sectors. This was a welcome change and a milestone in the development of the UAE foreign investment rules.

The Dubai Multi Commodities Centre (DMCC) Authority has recently issued new rules and regulations (the New Regulations) to aid the process of incorporation of companies and doing business in the DMCC more generally. The New Regulations have come to effect as of 2 January 2020. With the New Regulations, the…

On 2 July 2019 the United Arab Emirates (UAE) Cabinet announced the relaxation of foreign ownership restrictions for 122 business activities specifically in the manufacturing, agricultural and services categories. This follows the issuance of the new Foreign Direct Investment (FDI) Law in September 2018 to open up the UAE mainland…