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 email@example.com visit our site www.mszconsultancy.com
Find out how much it cost you to setup your Dream Business
Other Recent Blogs
Numerous institutions in the UAE require documents to be attested or notarized before they are official. This is typically due to a wide range of reasons. Usually, companies request that documents submitted by employees, like college certificates and other...
The UAE is one of the largest business hubs on Earth, with a booming market and tons of opportunities for investors and entrepreneurs. But for business setup in Free Zones, you are required to own and maintain a banking account to make transactions and conduct...
The United Arab Emirates government has gone to great lengths to welcome and invite foreign nationals. The nation has invested in creating an impressive infrastructure with modern engineering, and has worked hard to create a better, more convenient quality of life for...
For any corporation based in Dubai or elsewhere in the United Arab Emirates, the official trade license must be renewed every year. In Dubai, a trade license is a legal document that authorizes a company to do trade or provide other essential business services. The...
Dubai is home to a continuously evolving economy that's ripe with business possibilities for new firms and investors. It's also become one of the most investor-friendly business locations globally. Forming a business in Dubai is a straightforward process that only...
A Branch Office is an extension of a foreign parent firm based outside of the United Arab Emirates, in which a commercial enterprise is conducted. It's a full-fledged company with the authority to undertake contracts and engage in other activities stipulated in its...
Subscribe to Our Newsletter
We’ll keep you updated on the latest trends and news