Analysts predict major boost to the UAE’s attractiveness to foreign investors following change to company ownership laws
Greater levels of foreign investment into the UAE are expected after the country abolished a requirement for onshore companies to have a local shareholder.
The UAE on Monday confirmed changes to its commercial company ownership laws in a tweet. It means foreigners of any nationality can now own 100 percent of their business in the country and is the latest move to boost the economy’s competitive edge and make the country more expat-friendly.
Originally Published on November 25th, 2020.