Tag - Dubai Mainland

ICO Regulations in the UAE in 2019 Focus on Security and Innovation

The Securities and Commodities Authority (SCA), the United Arab Emirates (UAE) financial regulator, is set to introduce regulations for initial coin offering (ICO) in the country by the end of the first half of 2019; a move intended to provide companies another way to raise capital through crowd funding. What are ICOs? ICOs are the cryptocurrency version of an initial public offering, where companies go public and sell shares to individual investors. With ICOs, investors buy units of a cryptocurrency and [...]

100% ownership is possible in Mainland professional company

Local ownership restrictions for a long time have been the number one issue that leaves foreign entrepreneurs in UAE scratching their heads. Traditionally 100% foreign ownership was only possible under two circumstances. First when setting up in a UAE free zone or second when establishing professional services company. But that’s not the case anymore. A law allowing 100% foreign ownership of companies in the UAE was announced in 2018 and is now in force. Previously oversees entrepreneurs wishing to setup [...]

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