According to reports, there are certain countries that allow their citizens to own 100% of the company they run in the country. These countries include Germany, Switzerland and Australia. The United Arab Emirates was the last country to implement this type of policy.

The UAE government announced its plans to make it legal for the country's citizens to own businesses in Business Setup in Dubai for the first time in June 2019. At that time, it was said that this policy change would come into effect in January 2020.

However, the process was held back due to the COVID-19 pandemic that erupted around the world in late March. Now, after the pandemic, the government has announced that the changes will go into effect from 1 June 2021.

For UAE residents wanting to set up a business in the UAE, they can still obtain 100% ownership of the business that they run in the country. In other words, if you start a new business and get to a point where you are making profits, you will not need to pay taxes or any other fees for the right to run the business.

If you have a foreign national as a partner, you will need to follow a different procedure to get the desired outcome. This procedure will include a partnership agreement and approval by the Dubai Government. As the UAE is a federation, local laws must apply to the commercial companies.