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
- Space
- Agriculture
- Manufacturing industry
- Hospitality as well as food services
- Information and communications
- Professional, scientific and also technical activities
- Administration services
- Support services
- Educational activities
- Healthcare
- Art and entertainment
- Construction
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 info@mszconsultancy.com visit our site www.mszconsultancy.com
Find out how much it cost you to setup your Dream Business
Other Recent Blogs
How to Launch a Small-Scale Business in Dubai
Small-Scale Business in Dubai Dubai is known worldwide as a launchpad for entrepreneurs that seek to take advantage of lucrative business opportunities. Thanks to relaxed immigration policies and minimal tax responsibilities, investors from around the globe venture to...
Opening A Franchise in the UAE: Everything You Need To Know
Franchising in Dubai The UAE is known worldwide as a bastion for business, with commercial regulations that make operating an enterprise in the region easy, straightforward, and profitable. Business owners here are given the advantages of relaxed visa restrictions,...
How to Secure Your ESAAD Privilege Card and What Are the Benefits?
In recent years, the UAE government has enacted numerous business-friendly policies and initiatives that give business owners the ability to operate efficiently and profitably. And one such program is ESAAD, an initiative that grants Golden Visa holders access to...
How to Set Up A Civil Company in Dubai
For years, Dubai has grown to become a global business hub renowned worldwide for its healthy business climate, progressive regulations, and skilled workforce. It’s also home to relaxed immigration and tax policies that make operating a profitable business easier....
The Advantages of Setting Up A Company in KIZAD Abu Dhabi Free Zone
With businesses expanding rapidly in the UAE, more cities are adopting Free Trade Zones. One such Free Zone is the Khalifa Industrial Zone (KIZAD), located in Abu Dhabi. This Free Zone is recognized as an industrial and administrative center for the region, with...
What You Need to Know About Labor Contract Changes in the UAE for 2022
UAE Labor Law Changes Are Here Changes to the way private sector employment works in the UAE – including flexible working and shared jobs – were introduced in early 2022. These amended labor laws were first outlined by UAE government officials in November of 2021, and...
Subscribe to Our Newsletter
We’ll keep you updated on the latest trends and news
WhatsApp us
