UAE Approves Sectors Eligible For 100% Foreign Ownership

July 16, 2019

The United Arab Emirates (UAE) has recently introduced significant reforms allowing for 100% foreign ownership in certain sectors, marking a significant milestone in its efforts to attract foreign investment and promote economic diversification. SetupDubaiBusiness can provide guidance on the sectors eligible for full foreign ownership in the UAE:

1. Manufacturing: The UAE government has identified manufacturing as a key sector for foreign investment and growth. Foreign investors can now fully own manufacturing companies across various industries, including automotive, aerospace, pharmaceuticals, food processing, and construction materials.
2. Renewable Energy: With a growing focus on sustainability and renewable energy sources, the UAE has opened up opportunities for foreign investors to fully own companies involved in the development, production, and distribution of renewable energy technologies, such as solar, wind, and hydroelectric power.
3. Information Technology (IT): The UAE aims to position itself as a regional hub for IT innovation and digital transformation. Foreign investors can now fully own IT companies specializing in software development, cybersecurity, data analytics, cloud computing, and artificial intelligence (AI).
4. Healthcare: The healthcare sector in the UAE is experiencing rapid growth due to increasing demand for quality healthcare services. Foreign investors can fully own hospitals, clinics, medical laboratories, pharmaceutical manufacturing facilities, and other healthcare-related businesses.
5. Education: With a focus on knowledge-based industries, the UAE allows for full foreign ownership of educational institutions, including schools, universities, training centers, and vocational institutes. This initiative aims to enhance the quality of education and attract international students to the UAE.
6. Tourism and Hospitality: The UAE’s tourism and hospitality sector continues to thrive, attracting millions of visitors annually. Foreign investors can fully own hotels, resorts, travel agencies, tour operators, and other tourism-related businesses to capitalize on the growing demand for leisure and hospitality services.

These reforms reflect the UAE’s commitment to creating a more business-friendly environment and fostering innovation and investment across key sectors of the economy. SetupDubaiBusiness can assist foreign investors in navigating the regulatory framework, establishing businesses, obtaining licenses, and accessing opportunities in these sectors to maximize their potential for success in the UAE market.