100% foreign ownership in mainland companies to start from June 1st 2021

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The previously announced commercial law allowing 100% foreign direct ownership in local UAE companies will come into effect from 1st June 2021, the UAE’s Ministry of Economy has announced. All current and previously licensed businesses in the UAE are eligible to amend their statuses according to the new additions to the commercial companies law. In November 2020, the UAE government … Read More

Ras Al Khaimah to offer 100% foreign ownership for mainland companies

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Ras Al Khaimah Economic Zone (RAKEZ) will allow 100% foreign ownership for companies based on the mainland in order to attract more foreign direct investment (FDI) into the Emirate. RAKEZ (home to over 15,000 companies) announced the new company formation regime which is intended to strengthen key strategic sectors of the economy as a whole. RAK’s Department of Economic Development … Read More

Update on Foreign Direct Investment in UAE

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Early in July 2019, the UAE Cabinet approved 122 Economic Activities across 13 sectors to be eligible for up to 100% percent foreign ownership. This is in line with the UAE Federal Law No.19 Concerning Foreign Direct Investment (FDI) that was announced towards the end of last year. These sectors include renewable energy, hospitality, communications, information, agriculture and manufacturing. The … Read More