U.A.E. to Allow 100% Foreign Ownership of Maritime Businesses
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Read more: U.A.E. Eases Rules on 100% Foreign Ownership to Lure Investment
The legislation, which is expected to pass in the first half of 2020, will address areas ranging from vessel ownership to dispute resolution, according to Al Nuaimi, who’s also chairman of the U.A.E Federal Transport Authority. The minister referred to a cabinet decision on July 2 that allows each of the country’s seven emirates to set foreign ownership limits in various sectors.