UAE Cabinet approves economic activities eligible for up to 100% foreign ownership
UAE Cabinet approves eligible economic activities
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:
- Renewable energy
- Transport and storage
- Hospitality and food services
- Information and communications
- Professional, scientific and technical activities
- Administrative services, support services
- Educational activities
- Art and entertainment
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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