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Economy

UAE to allow 100 percent foreign ownership of businesses by year-end

Updated : May 21, 2018 06:30 AM IST

The decision is part of a wider change to the system that would grant residency visas of up to 10 years to investors.
At present, foreigners generally cannot own more than 49 percent of any UAE firm unless it is incorporated in a special "free zone".
UAE to allow 100 percent foreign ownership of businesses by year-end
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