Abu Dhabi is a global hub for investment and foreign investors find it easy to operate their business in Abu Dhabi! Abu Dhabi has rolled out a game-changing initiative that allows 100% foreign ownership on the mainland. The Abu Dhabi Department of Economic Development has launched a new foreign direct investment or FDI license that inspires investors to take up complete ownership of their firm.
The FDI license or foreign direct investment license cover over 122 different economic activities related to industrial and service sectors, agricultural, and other target businesses. The 122 main activities include around 1586 sub-activities. This Abu Dhabi FDI license is available for businesses with a capital range worth Dh 2 million or above. The license will obviously attract foreign investors and ensure sustainable economic development.
The chairman of ADDED is committed to enhance the environment local investment and strengthen the business in UAE providing a competitive workspace through policies that provide more investment opportunities for investors.
UAE foreign ownership license is issued in line with the federal law no (19) of 2018, regarding the foreign direct investment and involve in further efforts to promote a positive investment environment.
The FDI UAE law was passed in the year 2018, but it came into effect in April 2020, upon the approval by the Federal cabinet. It’s a significant law for foreign investors who are ready to invest or already invested in UAE companies. It’s an ideal way to protect the rights of foreign investors according to the Abu Dhabi government rules and regulations.
The investment opportunities in various economic sectors deliver a positive impact on the business in UAE along with a positive impact on the emirate’s investment environment.
Objectives of FDI UAE license issuance,
Benefits of implementing foreign direct investment law,
Steps to issue foreign direct investment license, The process is divided into three basic stages that include,
FDI UAE covers the following business activities, In the agricultural sector,
In the industrial sector,
Activities practiced with license,
Activities that are not covered in the FDI license,
The implementation of 100% foreign ownership on mainland contributes to achieving the various objectives. This law encourages investors in business development for foreign companies and attracts business in recent technology or advanced industries. The Abu Dhabi FDI license is a golden opportunity for investors to establish their presence in the Middle East!