UAE Introduces Amendments to Commercial Companies Law to Enhance Business Competitiveness
UAE Introduces Amendments to Commercial Companies Law to Enhance Business Competitiveness The UAE has announced key amendments to the Commercial Companies Law , reinforcing its commitment to strengthening the country’s business environment and maintaining its position as a leading global investment hub. The updated framework introduces greater flexibility, improved governance structures, and enhanced legal clarity for companies operating in the UAE. One of the most notable changes is the introduction of new corporate classifications , including provisions that allow companies greater autonomy in managing profits and reinvestment strategies. These amendments aim to support innovation-driven entities, social enterprises, and long-term growth-focused businesses by offering more adaptable corporate structures. The revised law also enhances corporate governance and shareholder protections , clarifying directors’ duties, shareholder rights, and compliance obligations. This is expect...