United Arab Emirates:
Update Regarding Foreign Direct Investment In The UAE
13 March 2020
BSA Ahmad Bin Hezeem & Associates LLP
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Following from our recent newsflash regarding foreign ownership
of businesses in the UAE, Sheikh Mohammed bin Rashid Al Maktoum,
UAE Prime Minister and Ruler of Dubai, has now made a statement
approving the sectors and economic activities which are eligible
for up to 100% foreign ownership. These include 122 economic
activities covering industrial, agricultural, and services
sectors.
This foreign ownership law is part of a multifaceted strategy by
the UAE to increase foreign investment in the region.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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