United Arab Emirates

United Arab Emirates

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 approved 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.