UAE: A List Of 1,105 Activities Available For 100% Foreign Ownership
- Publish date: Sunday، 05 December 2021
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In line with the recent amendment of the Commercial Companies Law, Abu Dhabi Department of Economic Development (ADDED) has listed out 1,105 registered commercial and industrial activities open for 100% foreign ownership.
The list reflects "the keenness of the Abu Dhabi Government to attract further foreign direct investments and to promote an open and resilient competitive business environment," Mohamed Ali Al Shorafa, Chairman of ADDED, highlighted. The list is available on their official website, reflects
Owners of existing companies can adjust their status, provided they "comply with the regulations on activities or other applicable restrictions".
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He added that it's "one of many decisions and initiatives to provide incentives for the private sector and to enhance the status of Abu Dhabi on the global investment map".
Full List of activities available for foreign ownership:https://t.co/jcVm62aYmz
— دائرة التنمية الاقتصادية - أبوظبي (@AbuDhabiDED) May 21, 2021
The Department also provides incentives and implements initiatives that helps to increase the success rates of these enterprises, and maintain their continuity in support of their sustainable growth and expansion.
Image Credits: WAM
This article was previously published on UAE Moments.To see the original article, click here