Which are the trade license categories eligible for 100% foreign ownership in Dubai?
The trade license categories eligible for 100% foreign ownership in Dubai:
- Commercial: This category includes businesses that engage in trading activities, such as importing and exporting goods, and wholesaling and retailing.
- Professional: This category includes businesses that provide professional services, such as accounting, law, and engineering.
- Industrial: This category includes businesses that engage in manufacturing activities.
- Information and technology: This category includes businesses that provide information technology (IT) services, such as software development and IT consulting.
- Tourism and hospitality: This category includes businesses that provide tourism and hospitality services, such as hotels, restaurants, and tour operators.
- Logistics and transportation: This category includes businesses that provide logistics and transportation services, such as freight forwarding and trucking.
- Real estate: This category includes businesses that engage in real estate activities, such as property development and property management.
- Financial services: This category includes businesses that provide financial services, such as banking, insurance, and asset management.
To be eligible for 100% foreign ownership, businesses must meet certain requirements, such as having a minimum capital of AED 1 million. Businesses must also appoint a UAE national as a sponsor, who will be responsible for ensuring that the business complies with the laws and regulations of the UAE.
The DED has recently announced that it is opening up more trade license categories to 100% foreign ownership. This is part of a wider effort by the UAE government to attract foreign investment and create jobs.
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