Following from our recent newsflash regarding foreign ownership of businesses in the UAE, Sheikh Mohammed bin Rashid Al Maktoum, UAE Prime Minister and Ruler of Dubai, has now made a statement approving the sectors and economic activities which are eligible for up to 100% foreign ownership. These include 122 economic activities covering industrial, agricultural, and services sectors.
This foreign ownership law is part of a multifaceted strategy by the UAE to increase foreign investment in the region.
If you would like to find out more information, please visit: https://bsabh.com/
About BSA Ahmad Bin Hezeem & Associates LLP
BSA is a law firm founded in Dubai with the mission of delivering top-tier legal services based on our comprehensive knowledge of local, national, and international law. Since our inception in 2001, we have rapidly expanded to a leading full-service law firm, with offices throughout the Middle East and France. Our lawyers are internationally educated, bi-lingual in languages such as English, Arabic, and French, and dual-qualified in both regional and international jurisdictions, having rights of audience in every country within which we operate. BSA is a law firm that truly reflects the energy and ambition of the Middle East.