Economics
U.A.E. Eases Rules on 100% Foreign Ownership to Lure Investment
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The United Arab Emirates will allow foreigners to own 100% of businesses across industries as the Arab world’s second-largest economy courts investors.
The federal government will leave it up to individual sheikdoms to “decide the ownership percentage in each activity according to their circumstances,” Prime Minister Sheikh Mohammed Bin Rashid Al Maktoum, said Tuesday on Twitter. “We want to open up new economic sectors and attract new foreign investors,” he said.