The UAE's federal government is undertaking a number of steps, including the amendment of company and commercial laws, in line with the WTO guidelines. UAE Minister of Economy, Shaikha Lubna Al Qasimi said the UAE is in the process of amending the Federal Companies Law. "The main amendment pertains to removal of the equity capital restriction which is presently 51% national equity. These amendments will also streamline the authentication procedures by giving investors several options to attest through public notaries or registered law firms," she explained.
Al Bawaba
