Sharjah offers business professionals insights on UAE Commercial Companies Law

Sharjah offers business professionals insights on UAE Commercial Companies Law

Prominent dignitaries and speakers at the event included Mohamad Al Musharrkh, CEO, Invest in Sharjah; Ahmed Saif bin Saed Al Suwaidi, Deputy Director of Commercial Affairs at SEDD; Pascal Cange, Director of Trade & Customs Middle East at KPMG; and Marianna Bulbucs, CEO and Director of Bizzmosis Group moderated the seminar. The UAE had introduced several significant changes to the UAE Commercial Companies Law (CCL) that came into effect since June 2021 and which has not only affected foreign ownership of onshore companies but has also had an impact on transactional issues for UAE corporates. Under the revised law which addresses the need to attract greater foreign investments, new businesses launched onshore can have 100 per cent ownership of local operations. Against this background, Invest in Sharjah hosted the seminar with the objective to create a platform to connect the public and private sector, address queries and misconceptions about the new law, identify top challenges of investors in setting up businesses in the emirate, and gain relevant feedback and recommendations to enhance their range of professional services extended to local and global investors operating in Sharjah. Mohamed Al Musharrkh, CEO, Invest in Sharjah, said the amendments to the UAE Commercial