Launching a company in the UAE? Don’t forget these important things, say experts . Image Credit: Supplied
Find out about the changes in business ownership laws
The UAE has introduced several new legislations to attract foreign investment and fuel entrepreneurship and the most notable is 100 per cent ownership by foreign nationals of companies licensed and registered in the UAE. The government has created a “Positive List” of business activities where foreign investors can own up to 100 per cent of the shares in an onshore company. The “Positive List” focuses on three key areas manufacturing, services and agriculture where the government wants to see more businesses committing investments.