The Historic Change
Previously, foreign investors could only own 49% of a Mainland company, while a UAE National (Sponsor) had to own 51%. In a historic move, the UAE government amended the Commercial Companies Law to allow 100% foreign ownership for most commercial and industrial activities.
Which Activities are Eligible?
More than 1,000 activities are eligible, including:
- Trading: General trading, retail, wholesale.
- Manufacturing: Foods, textiles, metals, etc.
- Services: Contracting, consultancy, project management.
Excluded Activities (Strategic Sectors)
Some sectors still require a local partner or special approvals:
- Oil & Gas exploration.
- Utilities (Water & Electricity).
- Security and Military.
- Banking and Insurance.
- Telecommunications.
What About Existing Companies?
If you have an existing LLC with a 51/49 split, you can amend your MOA to transfer the shares to your name and become the 100% owner. This puts you in full control of your business destiny.
Conclusion
This change has made Dubai Mainland as attractive as Free Zones. You get full ownership PLUS the freedom to trade anywhere.