The good news is that UAE Cabinet passed Cabinet Resolution No. 16 of 2020 on 17 March 2020, concerning determination of the ‘Positive List’ of economic sectors and activities eligible for foreign direct investment (‘FDI’).
Previously, foreign investors could hold up to 49% of a mainland UAE company. Federal Decree-Law No.19 of 2018 on Foreign Direct Investment (FDI Law) was published in September 2018. This provided a mechanism under which foreign shareholders could own up to 100% shares of a UAE mainland company.
The key steps to set up a business in a free zone.
Now, there are more than 45 free zone companies in UAE. Each free zone has its own rules and regulations.
Our lawyers can assist you in establishing your business in UAE by advising you on the best form of business that can satisfy your ambitions and budget.