A lack of clarity about caps on foreign ownership under the planned companies law risks stalling a tide of investment to the country, lawyers are warning.
It comes as the Federal National Council (FNC), a government advisory body, yesterday began a two-day discussion to review the draft of the law.
Law firms and business consultants say they are being inundated with inquiries from international companies asking whether they will be allowed to take majority ownership of any operation they set up in the UAE if the law comes into force.
Read more: http://www.thenational.ae/thenationalconversation/industry-insights/economics/fears-for-uae-investments-over-draft-foreign-ownership-legislation#ixzz2KmNUvrkD
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