100% Sponsorship

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  • #6022

    Client – I heard UAE government has made some changes to setup companies on 100% ownership.

    Need explanation please, Thank you!

    #6023

    The topic should be 100% Ownership not Sponsorship. I apologise.

    #6024

    A total of 122 economic activities across 13 sectors were specified to be eligible for up to 100 per cent foreign ownership such as renewable energy, space, agriculture, and manufacturing industry.

    The decision provides investors with an opportunity to acquire various shares in a number of economic activities including the production of solar panels, power transformers, green technology, and hybrid power plants.

    Areas of foreign ownership also include transport and storage, which allows investors to own projects in the field of e-commerce transport, supply chain, logistics, and cold storage for pharmaceutical products.

    The list will be declared very soon by the Emirati Government

    Sectors restricted from 100 per cent foreign ownership appear on a ‘negative list’.

    They include:

    Oil exploration and production
    Investigation, security, military (including manufacturing of military weapons, explosives, dress, and equipment)
    Banking and financing activities
    Insurance
    Pilgrimage and Umrah services
    Certain recruitment activities
    Water and electricity provision
    Fishing and related services
    Post, telecommunication and other audio visual services
    Road and air transport
    Printing and publishing
    Commercial agency
    Medical retail (including pharmacies)
    Blood banks, quarantines and venom/poison banks

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