an hour ago The Sharjah Economic Development Department (SEDD) announced that, starting June 2021, it would be implementing the full foreign ownership policy, allowing investors of natural and legal persons to own 100 per cent of commercial and industrial companies and practice activities in the Emirate of Sharjah.
This decision includes no requirements such as a specific capital or any additional fees for foreign investors, while allowing branches of foreign companies to conduct their business in the Emirate without the need for an agent of a foreign company.
This came in accordance with the decision issued by the department regarding the activities available for foreign ownership, based on the federal and local laws and previous decisions in this regard, especially Federal Decree Law No. (26) of 2020 regarding the amendment of the provisions of Federal Law No. (2) of 2015 regarding the Commercial Companies Law by adding articles that allow foreigners to
Ajman clears 1,000+ economic activities for 100% foreign investment; Ahmed Al Nuaimi praises the decision of the Executive Council to open economic acti.
The Department of Economic Development in Ajman (Ajman DED) has opened 100% ownership of economic activities in the commercial and industrial sectors to foreign investors. In this regard, the department has approved over 1,000 economic activities for foreign investment, except those with a strategic ..
Ajman DED clears over 1,000 economic activities
3 hours ago
Business Bureau,
Gulf Today
The Department of Economic Development in Ajman (Ajman DED) has opened 100% ownership of economic activities in the commercial and industrial sectors to foreign investors.
In this regard, the department has approved over 1,000 economic activities for foreign investment, except those with a strategic impact, which were agreed upon during the meetings of the Strategic Impact Economic Activities Committee under the Ministry of Economy. Details of such activities will be announced at a later date.
This step aligns with the UAE’s strategic vision of promoting a competitive modern and global investment environment, and the recent amendments to the Commercial Companies Law and in implementation of the decision of the Ajman Executive Council in this regard.
The Ajman Executive Council approved the opening of economic activities for foreign investment at 100 per cent in line with the UAE’s policies and strategic visions.