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In a landmark move, the UAE on Monday executed sweeping reforms to its commercial company ownership laws.

UAE allows 100% ownership of businesses for foreign nationals from Dec 1, 2020 with changes to Commercial Company Ownership law.

Seven key takeaways:
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#1 Companies will no longer be required to have an Emirati national as a majority shareholder in onshore companies, nor will they be required to have a UAE national or a local company as registered agents.
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#2 Some sectors, including oil and gas, utilities and transport, are exempt from the new law.
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#3 These changes will supersede the Foreign Direct Investment Law (Federal Law by Decree No. 19 of 2018 regarding FDI), which is cancelled.
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#4 Companies that wish to go public can also sell 70 per cent of their shares in an IPO, instead of the previous limit of 30 per cent limit – a move that could help boost the liquidity of local stock markets.
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#5 These new clauses will be added to the current Commercial Companies Law, which will have 51 articles amended - and three new ones added - to accommodate changes.
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#6 Most of the changes are expected to relate to limited liability companies (LLCs) and joint stock companies.
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#7 Local authorities such as the Dept for Economic Development will be able to regulate participation levels of Emiratis in companies.

https://bit.ly/2J4nkx1

UAE allows 100% ownership of businesses for foreign nationals from December 1, 2020 President signs new Decree that updates 2015 Commercial Companies Law

, are you ready to meet Investors? 🚀

Get matched through 1-on-1 virtual meetings with investors looking to connect and invest in seed-stage startups at happening on September 30th, 2020.

Apply to participate now on this link! http://bit.ly/stepmatch

STEP Conference

Announcing SquareCircle Tech and 100 Open Startups joint partnership to participate at eMerge Americas 2019.

SquareCircle Global partners with 100 Open Startups to showcase MEA startups at eMerge Americas - IssueWire Partners include Google, Intel, MIT Technology Review, Amazon, Microsoft, VMWare

Privileged to be associated with STEP Conference (4 years in a row) as their Ecosystem Partners. Startups, this is a great opportunity to be visible with your product/solution for the MENA region

🔊 Startups!
Now's your chance to apply to showcase at !
You will get:
- Showcasing opportunity to more than 7,000 investors, VCs, partners, potential customers, and attendees.
- 2 All Access tickets.
- Branded booth at STEP Startup Basecamp.
- Access to workshops and mentorship sessions.
- Opportunity to be selected and participate in STEP Pitch Competition.
- Access to curated Investor meetings with top VCs, Angel Investors, Family Offices, and more.

Apply here ➡️https://bit.ly/2Qea6zs

Are you a Global Problem Solver?

We are looking for University and recent grads to apply for Cisco's Global Problem Solver Challenge 2019 https://lnkd.in/fJfUUHv

Current scouting is on across the globe with SquareCircle Tech focus on generating qualified interest across the Middle East & Africa, Indian Sub-Continent and Southeast Asia.

Our roadshows across the MEASEA region will begin in a week. If you are a University or a University-led Innovation, Incubation Center or a Corporate Sponsored University Entrepreneurship Program in the MEASEA region and would like to host us to do an announcement to your student entrepreneurs and incubatees, do drop us a line at [email protected] or PM me directly here.

Overview | Cisco Global Problem Solver Challenge 2019 Find out more about Cisco’s Global Problem Solver Challenge, where we’ll award $300K total to digital technology problem solvers.

Dubai and IBM offer government-endorsed blockchain platform in UAE Smart Dubai and IBM have announced the Dubai Blockchain Platform, the first government-endorsed blockchain platform in the United Arab Emirates.

Congratulations to Dubai's leadership for sweeping the 1st position in foreign direct investment (FDI) monitor by ‪ in for & . ‬Proud that is ‬contributing in reshaping the source & composition of the FDI flows into