No natural person or bodycorporate is allowed to work as an agent or supplier of non national employees unless he has a license to do so. The new commercial companies law addresses a range of. The law prohibits ships to fly the flag of the uae unless such ship satisfies the conditions imposed under article 18 to article 37. Law was issued on the 25th of march 2015 and came into effect 3 months following its issuance date the effective date repealing the old uaes commercial companies law no. Employment laws and regulations in the private sector. The new companies law implements a number of important changes to the. The labour law handles matters related to working hours, vacation and public holidays, sick leave, employing juveniles, maternity leave, employee records, safety standards, termination of employment and end of service. Uae federal law 8 of 1980 concerning the regulation of. Even though the company is owned by its members, it is regarded as different from those members.
The uae maritime trade law federal law number 26 of 1981, as amended the law regulates all shipping practices within the united arab emirates. At the constituent shareholders meeting held on 9 march 2004, a resolution was passed to convert the company to a public joint stock company. Broadly similar to the old ccl in terms of structure and company types. We zayed bin sultan al nahyan, president of the united arab emirates, with cognizance. A new commercial companies law replaced most of federal law no. Hh sheikh khalifa bin zayed al nahyan, president of the uae and ruler of abu dhabi issued the federal decree law no. The uae government intends that the new law will provide uptodate regulations for the corporate. Broadly similar to the old ccl in terms of structure and company types no change to the foreign ownership restrictions introduction of single member companies, holding companies and common investment funds amended provisions on general meetings for llcs.
The uae does not have unified federal oil and gas laws, explains arman. Regulatory contents the new commercial companies law addresses a range of aspects mainly with regard to lim. There are basically 7 types of legal entities under commercial law company lawof uae. E registered in the insurance companys register regn. The law in a sense throws a veil between the company and its membersshareholder. Welcome to the global workplace insider, a cuttingedge blog led by the global employment and labor team of norton rose fulbright, designed. However, free zone companies cannot trade within the united arab emirates and are limited to the areas within the free zone or trading with other. United arab emirates ministry of labour and social affairs federal law no 8, for 1980, on regulation of labour relations we, zayed bin sultan al nahyan, president of the united arab emirates.
Every company which undertakes a commercial activity or has adopted one of the legal forms. The type of entity most commonly adopted by foreign investors is the limited liability company llc, in which. We, khalifa bin zayed al nahyan, president of the united arab emirates state. According to article 3 of the law, the law applies to all staff and employees working in the united arab emirates, whether uae national or expatriate.
The law replaces the previous enactment being federal law no. The following is a snapshot of the key developments brought about by the ccl in. Welcome to, your partner for building up a career in dubai uae which also includes other areas of united arab emirates uae like sharjah, abu dhabi, al ain, ras al khaimah, fujairah, um al quwain. Published on 03 september 2018 by editor himsoft 460 downloads. On 1 april 2015, the uae government announced the issue of federal law no. Work is a right of the united arab emirates nationals. Download pdf, 416 kb uae commercial companies federal law no. Currently under the uae commercial companies law a foreigner can only own maximum of 49% of locally incorporated company, apart from companies incorporated in a free zone in which they can own 100%. As usual, the arabic text of the new ccl will prevail over the english version so a. The new uae commercial companies law federal law no. There are basically 7 types of legal entities under commercial law company law of uae.
Amendment of the uae trademarks law federal law no. There are special labour related regulations applicable in some of the free zones in the uae. Business regulations the official portal of the uae. We, zayed bin sultan al nahyan, president of the united arab emirates. Article no 60 of the federal law no 8 of 1980 in uae. Introduction the commercial companies law of the united arab emirates federal law no. Authority, article 8 provides for composition of insurance authority to include a.
However, it is not just uae onshore company law international companies ask about. The most common form used for foreign direct investment into the uae is the limited liability company llc. Side agreements business law individual assignment i. Following publication of the law on 27th march, 2004 federal law no. It will henceforth replace the existing law uae federal law no. The new ccl was introduced in july as federal law no. This is up from 47 on 2009, and ranks third in the arab world and listed among the top 10 reformers.
Our expert panel highlights the key laws and regulators investors need to be aware of. Business regulations related to mainland companies. As usual, the arabic text of the new ccl will prevail over the english version so a proper assessment of the updated clauses is necessary. The long anticipated uae federal commercial companies law no. Uae labour law 2 federal law no 8, for 1980, on regulation of labour relations we, zayed bin sultan al nahyan, president of the united arab emirates. Insurance and reinsurance company saq, whose registered office is at royal house, al wuheeda road, hor al anz east p. At the beginning of the year, the uae government announced a new company law would be set in place. Startup, ease of entry forprofit companies best practices. Uae federal government has laid out specific rules to govern the legality of various types of companies in uae. The uae commercial companies law in its final stage al.
The world banks 2010 doing business report, reforming through difficult times, ranks the united arab emirates as 33rd on the overall ease of doing business, out of 183 economies worldwide. We, zayed bin sultan al nahyan, president of the united arab emirates, pursuant to the perusal of the provisional constitution. Federal law no 8 of 1984 uae commercial companies law. The corporate law in the uae governs the establishment, ownership and management of companies in dubai and the rest of the emirates. Others may not by employed in the united arab emirates except as provided for in this law and its executive orders. Companies and corporations are a essential to any economy. President of the united arab emirates state this federal law has been published in the official gazette, issue no. Article 10 in the event of nonavailability of national workers, preference shall be given to.
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