A proposal to amend the rule regarding the 51-49 per cent ownership of companies will help support the UAE's recovery by attracting more foreign investors, according to a Dubai Chamber of Commerce and Industry report.
"The UAE Government is putting in place plans to continue making the country more attractive for foreign investors at a time of global economic instability," the Dubai Chamber said in the report released on Sunday.
"In particular, the government is planning to issue revised company, industry and investment laws that will significantly change the country's business landscape. The aim of the revised laws [which are in the final stages of being approved] is to make it easier for foreign investors to do business in the country and provide maximum protection for their investments."
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