His Highness Shaikh Mohammad Bin Rashid Al Maktoum chairman of the UAE cabinet, Vice President, Prime Minister and Ruler of Dubai has approved the sectors and economic activities eligible for up to 100% foreign ownership in the UAE.

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
• Space
• 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
• Healthcare
• Art and Entertainment
• Construction

The Local Governments will specify the ownership percentage of foreign investors in these activities.

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 mail@affiniax.com.