The UAE's economy minister, Sultan bin Saeed al-Mansouri, has said the government will draft a law allowing foreign ownership of companies within a month, and plans to pass the measure by the end of the year, Bloomberg has reported. Under the existing law, foreign companies must have UAE nationals as their sponsors and are limited to a maximum 49% ownership of businesses, except in free zones.
Subscribe to MEED to receive your choice of premium newsletters
 |
 |
 |
 |
Identify and track projects across the Middle East and North Africa through MEED Projects. Subscribers can track projects, conduct trend analysis, forecast, produce strategic reports and ultimately win new business.
Middle East data, research and analysis - from broad macroeconomic statistics to specific sector data, MEED Insight can help you accurately and cost effectively forecast market growth and trends.
MEED Events provide high profile speakers, relevant and critical business content and the latest news from across the GCC. With a portfolio that includes large-scale summits, two-day industry specific conferences and unique networking opportunities.
Site powered by Webvision
Share
