Abu Dhabi to issue FDI licences allowing 100% foreign ownership
UAE Foreign Direct Investment (FDI) Law Update:
Abu Dhabi, the capital of the United Arab Emirates, will issue foreign direct investment (FDI) licences to allow foreign investors to own 100% of projects in the emirate in sectors including agriculture, industry and services, state news agency WAM reported on Wednesday.
The said resolution names 122 economic activities in the Positive list. These activities are permitted for 100 per cent foreign ownership. Under the positive list there are 3 categories in which an investor can launch its business. They are:
- agricultural sector
- manufacturing sector
- services sector
It is available for businesses with capital worth Dh2 million and above.
The move implements a foreign investment law approved in 2018 allowing foreign investors to own more than 49% and up to 100% of some UAE businesses, as the country seeks to boost private sector activity.
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