The UAE investment law has come into effect, and its implementation is expected to change the business setup scene by attracting Foreign Direct Investment (FDI) growth. The issued new Foreign Direct Investment (FDI) law aims to promote and progress the nation’s investment setting in line with the UAE’s development policies.
With FDI inflows at about $11 billion last year, the UAE has been the prime destination of foreign investors and accounted for 22% of total flow to the Middle East region. Additionally, the UAE’s FDI inflow had increased from $80.6 billion in 2012 to an approximate of $130 billion in 2017.
As per Article II, the Decree-Law No. (19) of 2018 aims to consolidate the UAE’s position as a major FDI attraction at the regional and global levels to further encourage its foreign investment.