UAE: The Positive List-Opening the Floodgates to Full Ownership in the United Arab Emirates?
The UAE’s Foreign Direct Investment Law (Federal Decree Law No.19 of 2018) was issued on 23 September 2018. Less than one year after its introduction, the UAE Cabinet agreed on the highly anticipated “Positive List”, summing up all relevant economic activities and sectors in which foreign investors will be able to invest up to 100% in UAE mainland companies. This incentive is expected to trigger a whole new range of foreign investments in the UAE, eventually leading towards more diversification of the national economy. This legal briefing gives an overview of the Positive List and its implications on foreign direct investment.