Allows full foreign ownership for thirteen sectors
02 Jul 2019
Following the enactment of the UAE Federal Law No. 19 of 2018 on Foreign Direct Investment, the UAE Cabinet has adopted a "positive list of activities" covered by Article 7-3 of the Law, on 2 July 2019. The UAE Cabinet has designated 122 economic activities across thirteen sectors that will be eligible for up to 100% foreign ownership.
These sectors include: transport and storage, agriculture, space, manufacturing, renewable energy, hospitality and food services, information and communication, professional, scientific and technical activities, administrative and support services, educational activities, healthcare, art and entertainment, and construction.
-
Type:
-
Entry and establishment (Ownership and control)
-
Industry:
-
Primary (Agriculture, forestry and fishing)
-
Manufacturing
-
Services (Construction, Transportation and storage, Accommodation and food service activities, Telecommunications, Scientific research and development, Education, Human health activities, Arts, entertainment and recreation)
-
Sources:
