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
Getting Your Tax Resident Certificate in UAE
One of the main advantages of doing business in the United Arab Emirates is the preferential tax treatment that businesses get. The UAE has a 0% corporate income tax for individuals and legal entities, which is ideal for anyone wanting to own their own business. But,...
Easy Business Setup in DMCC
If you’re looking for a place to set up a business, the Dubai Multi Commodities Centre (DMCC) is the place to be! The location is growing at such a rapid pace. There are over 15,000 registered businesses in the area, making it the largest free trade zone in the UAE....
How to Get an Investor Visa in Dubai to Start Your Own Business
The United Arab Emirates is in the spotlight for its booming economy, easy company establishment, and expansion. But when it comes to forming a company, if you don’t have stable funds, you won’t survive long. That’s where an investor comes into play. An investor is...
Top 10 Challenges of Setting-up a Business in Dubai
Dubai is known around the world for its thriving economy and business-friendly environment. And with benefits like a great infrastructure, strategic location, and tax breaks, it’s no wonder entrepreneurs’ dream of doing...
HOW TO GET AN INSTANT TRADE LICENSE IN DUBAI
The process of establishing a business can be quite tedious with the infinite legal documents and never-ending queues but, with the introduction of instant trade license, business owners can apply and attain a trade license within a span of 24 hours. Trade license is...
HOW TO RENEW YOUR TRADE LICENSE IN DUBAI
As a trader, your license remains the original document that verifies your business as an official legal entity to function. Hence, it is very imperative to ensure that your license is always updated to avoid any hefty fees which will be levied if your license has...
Subscribe to Our Newsletter
We’ll keep you updated on the latest trends and news
Request a call back
Would you like to speak to one of our business advisers over the phone? Just submit your details and we’ll be in touch shortly. You can also email us if you would prefer.
1407, Mai Tower, Al Nahda, Dubai
United Arab Emirates, P.O.Box 19845
+971 58 982 7842
+971 4 229 7508
info@mszconsultancy.com
WhatsApp us 
