13 Business Sectors in UAE now qualified for 100% Foreign Ownership
The Foreign Direct Investment Law (Federal Law no. 19 of 2018) (“the FDI Law”) issued a year ago outlined a framework wherein foreign shareholders could possess up to 100% of shares in the companies in UAE in certain economic sectors. Therefore, it mentioned a negative list including the sectors and also the activities that are not available to Foreign in the FDI Law. Despite, the Positive List was at this point to be announced.
It made the much anxiously expected announcement a few weeks ago by the authorities. The UAE Cabinet has accepted the Positive List, which incorporated the economic sectors as well as the activities that are completely or somewhat accessible to Foreign Investors in the UAE.
Recently, UAE has taken a decision to open more areas for economic activities for foreign nationals to own 100% businesses. However, it specifies a total number of 122 economic activities across 13 sectors.
The 13 sectors include:
- Renewable energy
- Manufacturing industry
- Hospitality as well as food services
- Information and communications
- Professional, scientific and also technical activities
- Administration services
- Support services
- Educational activities
- Art and entertainment
Local Government in every emirate will decide the ownership level of foreign investors in these activities as well as appropriately issue more rules.
This choice means to help the development condition and also to reaffirm UAE’s position in the worldwide field as a center for investment.
MSZ Corporate Service Provider will guide you for company incorporation requirements in UAE and also our business consultants will assist you at the earliest. We have also helped a few customers to arrange business in UAE Mainland, Free Zone and Offshore. For further information, please call us +971 52 544 1248 or email us at firstname.lastname@example.org visit our site www.mszconsultancy.com
Find out how much it cost you to setup your Dream Business
Other Recent Blogs
Fintech in Dubai: The Future of Financial Services
Fintech in Dubai Dubai has been a pioneer in innovation and technology, and its emergence as a hub for fintech companies has been a significant milestone in the region's financial industry. The Dubai International Financial Centre (DIFC) has been at the forefront of...
Women in Business: Empowering Female Entrepreneurs in the UAE
Women in UAE Business The UAE has steadily grown to become a lucrative hub for entrepreneurship in recent years, attracting individuals from all over the world to set up their businesses. And as the business landscape in the UAE continues to evolve, the region is...
The UAE Launches New Golden Visa Platform
The UAE Golden Visa Program The UAE has been gaining attention recently for its "golden visa" program, which offers long-term residency to foreigners who invest in the country. Now, the UAE is taking its golden visa program to the next level by launching a new...
Augmented/Virtual Reality and Its Impact on the UAE Economy
Virtual Reality and the UAE The United Arab Emirates (UAE) has been at the forefront of embracing cutting-edge technologies, and the integration of augmented reality (AR) and virtual reality (VR) into the lives of its citizens is no exception. In recent years, the UAE...
Become a Resident of Dubai: Options for Investors and Global Citizens
Dubai’s Residency Program Dubai is a thriving global business hub that offers investors and entrepreneurs a wealth of commercial business opportunities. And as one of the most innovative and business-friendly cities in the world, Dubai has attracted investors and...
Mainland Company Formation in Dubai Without a Local Sponsor
Mainland Dubai Company Formation Dubai is home to a large market and a number of different jurisdictions that give investors the ability to work in a vibrant market with relaxed tax responsibilities. One such jurisdiction is known as Dubai’s Mainland, a region that’s...
Subscribe to Our Newsletter
We’ll keep you updated on the latest trends and news