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Home Icon > About Us > News > Changing landscape for UAE maritime industry6 August 2020

Changing landscape for UAE maritime industry6 August 2020

BACKGROUND In March 2020, the UAE Cabinet issued Resolution No. 16 of 2020 Concerning the Determination of the Positive List of Economic Sectors and Activities Eligible for Foreign Direct Investment and Percentage of their Ownership (the “Resolution”). “To date, onshore UAE companies required a local majority shareholder. Subject to certain conditions specified in the Resolution, ...

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