Investors no longer require a minimum Dh150,000 (300,000 in Dubai) capital to start small companies in the UAE, according to a new decree issued by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, Ruler of Abu Dhabi, yesterday. The decree allows founders of limited-liability companies (LLCs) to decide capital that will be sufficient to achieve its objectives. The new decree, which modified the 1984 federal corporate law governing limited-liability establishments, is intended to reduce the costs of establishing such ventures to encourage investment. The new law is also designed to cut bureaucratic red tape for the establishment of new firms as investors are no longer required to have bank certificates or related documents to create such entities.