REFILE-UAE to list sectors for full foreign investment in Q1 | Reuters:
The United Arab Emirates (UAE) government early next year aims to publish a list of the sectors in which it will permit foreign ownership of up to 100 percent, the economy minister said on Monday.
Special business areas in Dubai known as “free zones” already permit 100 percent foreign ownership, but so-called “onshore” businesses limit foreign ownership to 49 percent.
A new foreign investment law, approved last month, allows foreigners to own more than 49 percent and up to 100 percent in UAE-based businesses.
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