UAE moving towards allowing 100% foreign ownership of businesses outside free zones | The National:
"Plans for a law to allow full foreign ownership of companies outside free zones in strategic sectors are at an advanced stage, the Minister of Economy said.
At a the Annual Investment Meeting in Dubai on Monday, Sultan Al Mansouri promised a new “law of Foreign Direct Investment that allows 100 per cent ownership in some sectors outside free zones”.
The law is intended to encourage innovation and technology transfer. It will likely require foreign companies that are granted 100 per cent ownership rights to provide support or expertise to sectors identified by the government as strategically important. It would only apply to some industry sectors."
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