New Commercial Companies Law 2015
An overview of Federal Law No. (2) of 2015 for Limited Liability Companies in UAE
The UAE has introduced a more sophisticated corporate regulatory framework with the enactment of the UAE Federal Law No. (2) of 2015 Concerning Commercial Companies. The new companies law came into effect from 1 July 2015. This law has significant implications for all limited liability companies registered in the UAE. This document highlights key changes in the regulations.
All companies are required to amend their memorandum to comply with the new law before 30th June 2016. Any company that does not make the necessary amendments within the stated deadline will be deemed to be dissolved.