UAE Allows Full Foreign Ownership of Firms to Boost Economy
- Date: 23-Nov-2020
- Source: Bloomberg
- Sector:Economy
- Country:uae-top-picks
UAE Allows Full Foreign Ownership of Firms to Boost Economy
The United Arab Emirates abolished the need for companies to have Emirati shareholders, local media reported, in a major shake-up of foreign ownership laws aimed at attracting investment into an economy reeling from the coronavirus and a decline in oil prices.
The amendments to the 2015 commercial companies'
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