The Dubai (DIFC) Company limited by shares is governed by the DIFC Law No.2 of 2009, referred to as the Companies Law.
In Dubai, in general, foreigners may only own up to 49% of a Dubai registered company. However, foreign investors are allowed to own up to 100% if the company is registered in a Free Trade Zone. The most popular free trade zone is the Dubai International Financial Centre (the "DIFC"), which was established in Dubai in 2004.
Our analysis below covers the Dubai Company limited by shares registered in DIFC.
The Law in DIFC does not distinguish between Private and Public Dubai Company limited by shares.