On the tail end of 2018, the UAE introduced an FDI Law opening the door to possible exceptions where the mandatory 51% shareholding of LLCs by UAE nationals or entities wholly owned by UAE nationals may be lifted. This constituted a major breakthrough in relation to foreign investment rules. This announcement was to be followed by further resolutions of the UAE Cabinet for specific sectors.
The Ministry of Economy and the Foreign Trade Sector Investment Department have now defined the long-awaited implementation technicalities. A recent publication lists the specific activities concerned along with the applicable conditions for each of them and details the application process.
See the activity list on Arabic / English publication and read our Fact Sheet “UAE FDI Law” to find out how what your next step should be and how we can help you.
UAE Federal Law on Foreign Direct Investment
Grants the foreign investor an ownership up to 100%
As well as incentives & competitive advantages
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