Total of 122 economic activities across 13 sectors were specified to be entitled for up to 100% foreign ownership. The decision aims to support the growth environment and to reaffirm UAE’s position on the global arena as a hub for investment.
The sectors covered are
- Renewable Energy
- Agriculture and Manufacturing Industry
- Transport and Storage
- Hospitality and Food Services
- Information and Communications
- Professional, Scientific and Technical activities
- Administrative Services
- Support Services
- Educational Activities
- Art and Entertainment
We will keep you posted on any update regarding the above matter and it’s implementation.
We at Affiniax Partners can assist you with Economic Department Company Formation. For more information towards the company formation please feel free to contact our Corporate Service team at firstname.lastname@example.org.