How will foreign ownership rules impact the UAE advice market?
It is ‘illogical to expect an economy committed to change to ignore our space’ Previously, foreign nationals looking to set up shop in the UAE needed to have local sponsors and were limited to holding a maximum 49% share in a “limited liability company”. Those wanting to acquire the remaining stake had to apply to their Emirate, which decided on a case-by-case basis. International Adviser spoke to Pinsent Masons, Mondial and AHR Private Wealth to discuss how the change will affect the financial advice market. Reaction Sean Kelleher, chief executive at Mondial Dubai, said that “wavin...
Source: international-adviser.com