Browse
related articles
UAE may ease foreign business ownership rules
- United Arab Emirates: Tuesday, May 19 - 2009 at 12:16
Foreigners in the UAE may soon be able to own 100% of businesses located outside of economic free zones. Dubai officials are pushing for the rule change, in the hope that it will boost foreign investment to help counter the financial slowdown. Government officials of all seven emirates are now investigating the benefits and costs of such a move, said Khalid Al Kassim, the Deputy Director General for Economic and Sector Development at Dubai's Department of Economic Development. Al Kassim said it is in the UAE's best interest to ease the restrictions that now prevent foreigners from owning the majority of any business outside a free zone. Foreigners set up 342 projects last year in Dubai, up 59% from 2007, while foreign direct investment in the emirate soared by 123% to $21bn. (Mac Capital Advisors)
Also consider reading:
Today's top stories
Week's top stories
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
StaffTuesday, May 19 - 2009 at 12:16 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Wed May 20 2009.
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
It looks like you are using a Mac - check out our 
Web Feeds