Following months of speculation as to when the UAE property law will be passed and whether it will allow full ownership for foreign nationals, it has finally happened.

In accordance with Article (218) of the Commercial Companies Law  the Limited Liability Company is one which may not have more then fifty partners and not less than two

The UAE Federal No. 18 of 1981 as amended by the Federal Law No. 14 of 1988  on Commercial Agency Law  (the “CAL” ), the main legislation on commercial agencies in the United Arabs Emirates