Abu Dhabi As UAE Liberalizes Foreign Investment Laws, Attorneys Say 'the Outlook is Amazing'
With the UAE already the leading foreign investment destination in the Gulf region, the new law will only increase its attractiveness to international players, lawyers say.
December 30, 2020 at 04:59 AM
9 minute read
In landmark reforms to the United Arab Emirates' foreign direct investment (FDI) framework, the requirement for onshore companies to be owned 51% by UAE nationals has been scrapped, in amendments to a raft of laws due to come into effect on January 2, 2021.
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