Newsletter 10/2020

Industry insights

Foreign Direct Investment Law

100% Foreign Ownership Across 122 Economic Activities
Abu Dhabi issues new FDI licence for agriculture, industrial and service sectors 

The Abu Dhabi Department of Economic Development, ADDED, announced the implementation of the Foreign Direct Investment Law within the Emirate of Abu Dhabi by issuing the “Foreign Direct Investment License” which will enable investors to hold 100 per cent ownership of their businesses in Abu Dhabi. The license covers 122 different economic activities related to the agricultural, industrial and services sectors, and targets businesses with total capital ranging between Dhs 2 million to 100 million or higher.

Mohammed Ali Al Shorafa, Chairman of ADDED, said: “The issuance of the ‘Foreign Direct Investment’ license is line with of the provisions of the Federal Law No. (19) of 2018 regarding Foreign Direct Investment, FDI, and as part of the Department’s efforts to further promote positive investment climate and thereby achieve sustainable economic development in Abu Dhabi.”
FDI licence is expected to have a far-reaching positive impact on Abu Dhabi business landscape. To find out more click here. 

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