gulfnews : Foreigners could hold 100% stake in UAE companies

Foreign investors are likely to be allowed a 100 per cent ownership in companies, according to a draft law, a top government official said.

A draft Companies Law is with the government for consideration, Sultan Bin Saeed Al Mansoori, UAE Minister of Economy, told reporters on the sidelines of a conference in Abu Dhabi.

He said, it will go through a process of scrutiny and verification and ammendments till it is passed by the government.