This content has been archived. It may no longer be relevant
The United Arab Emirates (UAE) has recently issued the long-anticipated Federal Law No. 19 of 2018 on Foreign Direct Investment (the FDI Law), which further opens up the UAE mainland market to foreign investors and strengthens the country’s position as the leading foreign investment destination in the region. This follows the announcements made by the UAE in May 2018 regarding plans to boost foreign investment into the country.
Does the FDI Law allow 100% foreign ownership of companies based on the UAE mainland?
Yes, 100% foreign ownership is anticipated under the FDI Law. However, it will not apply to all sectors and to all applicants. The percentage of foreign ownership permitted under the FDI Law is yet to be determined by Cabinet Resolution (the Resolution). The Resolution will specify whether 100% of foreign ownership will be permitted under Article (7) of the FDI Law, or whether a lower percentage (and thus a local joint venture partner) will be required.
Read the full article here.
