Name: |
Law No. 22, 2004 amending Article 28 of Presidential Decree of Law No. 32, 1991 on Commercial Law.
|
Country: |
Yemen |
Subject(s): |
Civil, commercial and family law |
Type of legislation: |
Law, Act |
Adopted on: |
2004-09-29 |
Entry into force: |
|
Published on: |
Al Jarida Al Rasmiyya, 2004-09-30, No. 18, p. 2
|
ISN: |
YEM-2004-L-76248 |
Link: |
https://www.ilo.org/dyn/natlex/natlex4.detail?p_isn=76248&p_lang=en |
Bibliography: |
Al Jarida Al Rasmiyya, 2004-09-30, No. 18, p. 2
|
Abstract/Citation: |
According to this amendment, foreigners are not allowed to create a company in Yemen, unless they have Yemeni partner. The Yemeni partner must hold at least 51% of the company. This Law does not apply to certain small businesses.
|