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

iStock [For illustration]

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.

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