Tag Archives: UAE approves full foreign ownership of firms

ABU DHABI: The United Arab Emirates said on Tuesday it had decided to lift a decades-old cap on foreign ownership and allow full foreign control of business ventures. “In a cabinet meeting I chaired in Abu Dhabi, we approved 100 percent foreign ownership in 122 economic activities,” UAE vice president and prime minister Sheikh Mohammed bin Rashed Al-Maktoum said on …

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