Abu Dhabi launches new FDI licence allowing 100% ownership of business

Abu Dhabi has introduced a new Foreign Direct Investment (FDI) licence, allowing 100 per cent foreign ownership of projects with capital worth at least AED 2 million.

According to the Department of Economic Development, the licence applies to more than 122 business activities in sectors including agriculture, industry and services.

The move is part of efforts to strengthen Abu Dhabi’s position as a global business hub.

Applications for the licence can be submitted through the Abu Dhabi Business Centre.

.@AbuDhabiDED is cementing Abu Dhabi’s position as a global business hub with the ‘Foreign Direct Investment’ licence, which allows foreign investors 100% ownership of their businesses in #AbuDhabi. pic.twitter.com/4LN80stpmr

— مكتب أبوظبي الإعلامي (@ADMediaOffice) October 28, 2020

.. Submit your application now through Abu Dhabi Business Center and take advantage of the promising investment opportunities made possible through this license.#EconomicDevelopment #AbuDhabi #ADBC #FDILicense

— دائرة التنمية الاقتصادية - أبوظبي (@AbuDhabiDED) October 28, 2020

#ADDED launches the Foreign Direct Investment license that gives the investor 100% ownership. The license includes 122 main activities, which covers 1586 sub-activities that are available for licensing in the sectors of agriculture, industry and services.. pic.twitter.com/z6RXMv292z

— دائرة التنمية الاقتصادية - أبوظبي (@AbuDhabiDED) October 28, 2020