The UAE Cabinet approved specific sectors and economic activities eligible for up to 100% foreign ownership on the mainland UAE.
Previously, foreign investors could hold up to 49% of a mainland company.
This development follows the FDI Law published last September. A total of 122 economic activities across the following 13 sectors have now been deemed eligible for up to 100% foreign ownership:
The UAE Cabinet specified that the local governments of each emirate will determine the ownership percentage of foreign investors in these activities. In certain emirates, some activities may still require an Emirati shareholder, even if the foreign ownership threshold increases.
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