Economy
UAE Eases Rules on 100% Foreign Ownership to Lure Investment

(Bloomberg) — The United Arab Emirates will allow foreigners to own 100% of businesses across industries as the Arab world’s second-largest economy courts investors.
The federal government will leave it up to individual sheikdoms to “decide the ownership percentage in each activity according to their circumstances,” Prime Minister Sheikh Mohammed Bin Rashid Al Maktoum, said Tuesday on Twitter. “We want to open up new economic sectors and attract new foreign investors,” he said.
The new rules essentially lift a federal requirement that has long capped foreign ownership in local companies at 49%. The change frees the country’s seven emirates to open up their industries to foreign investors, many of whom demand full control over their operations. Economic free zones sprang up across Dubai and much of the U.A.E. as a way to satisfy foreign companies that couldn’t fully own businesses onshore.
“This is a further measure to liberalize and strengthen the investment environment and will be a critical step in the development of new sectors and industries,” said Monica Malik, chief economist at Abu Dhabi Commercial Bank. “A key objective will likely be areas linked to technologies and ones that will support job creation.”
Full foreign ownership will be allowed in many industries including e-commerce, agriculture, renewable energy, entertainment, transport and construction, according to Sheikh Mohammed, who’s also the ruler of Dubai.
Read more:
https://www.businessliveme.com/uae-long-term-residency-rules-business-executives/
-
OER Magazines2 months ago
OER, February 25
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, February 2025
-
Economy1 month ago
Is Gold a Good Investment in 2025? A Deep Dive into the Precious Metal’s Future
-
Banking & Finance2 months ago
Sohar International Appoints Abdul Wahid Mohamed Al Murshidi as Chief Executive Officer
-
Energy2 months ago
Oman Gets Its First Hydrogen Refueling Station
-
News2 months ago
Shell Oman Marketing Company Hosts the 1st Lubricants Technology Conference in Muscat
-
News2 months ago
Oman Explores Semiconductor & EV Investments with EONH Private Holdings & Jetour Global
-
News1 month ago
Nothing Phone 3a and 3a Pro launches in the Middle East
You must be logged in to post a comment Login