UAE Economic Activities To Have 100 % Foreign Ownership

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STA is a full practice law firm headquartered in Dubai with offices across UAE (Abu Dhabi, Dubai, Sharjah and Ras Al Khaimah) and overseas (Bahrain, Delhi, Doha, Luxembourg, Moscow, Portugal and Mumbai). We work alongside several groups of companies within the Oil and Gas, Maritime, Logistics, Real estate, Construction, Hospitality and Healthcare sectors in the region and internationally providing them with our signature bespoke and cogent legal advice. We successfully represent our clients at various courts and arbitration centers across the UAE. We are also approached by several investors internationally who wish to find suitable business partners in the region.
The UAE Cabinet has given its approval for 100% ownership on the different economic activities and sectors ranging from renewable energy, agriculture, space and the manufacturing sector.
United Arab Emirates Government, Public Sector

The UAE Cabinet has given its approval for 100% ownership on the different economic activities and sectors ranging from renewable energy, agriculture, space and the manufacturing sector. This decision was welcomed by majority of investors towards an option for acquisition of stocks and shares for economic activities. These activities include power transformers, solar panels, green technology and power plants that are hybrid.

Foreign ownership will be inclusive of storage and transport where it will give a wide array of sectors like the food services, e-commerce, supply chain and logistics as well. The Cabinet's decision has been implemented for over 122 activities and 13 sectors. It is intended to encourage and expand the sector and attract investments on a global spectrum.

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