UAE government has released the full list of 122 categories for 100 percent ownership in the mainland under the Foreign Direct Investment (FDI) Law and this will come into effect from June 1st, 2021. The positive list of categories for which complete ownership will be allowed include key sectors such as agriculture; manufacturing; transport and storage; hospitality and food services; information and communications; science and technology; healthcare; education; art and entertainment; and construction. For some categories, complete ownership will be permitted on fulfilling certain criteria. Until now, a foreign investor was permitted to own maximum of 49% shares and at least 51 percent of the shares should be owned by the local sponsor."
