FOREIGN INVESTMENT

UAE: New Abu Dhabi Professional Licences Allow 100% Foreign Ownership

16 August 2021

Abu Dhabi has launched a new professional licence system enabling qualified foreign professionals to establish and fully own a company in 604 activities. More

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TANZANIA: Zanzibar Opens Up to Overseas Real Estate and Business Investors

03 August 2021

Zanzibar’s government has introduced a new tax and residency programme aimed at attracting foreign investment. More

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UAE: Sharjah Innovation Park Launches ‘Innovators Package’ for Start-ups

22 July 2021

The UAE’s Sharjah Research Technology and Innovation Park (SRTI Park) has launched an investment package created specifically for start-ups. More

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OMAN: Free Zone and SEZ Set-up Services Migrate to Invest Easy Platform

12 July 2021

Oman’s Ministry of Commerce, Industry and Investment Promotion (MoCIIP), the authority tasked with promoting foreign investment in the country, has granted the Public Authority for Special Economic Zones and Free Zones (OPAZ) the power to operate its services for special economic zones and free zones on the country’s Invest Easy one-stop shop, electronic services platform. More

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OMAN: Long-Term Residency Visas for Overseas Investors Announced

06 July 2021

From September this year, foreign investors in Oman will have the option to apply for a renewable five- or 10-year residency visa under the terms of the government’s Investment Residency Programme (IRP). More

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Foreign Investors May Now Set Up Wholly-Owned Entertainment Venues in China

21 June 2021

Foreign investors may now establish wholly-owned entertainment venues in China. They are obliged to submit applications to the provincial administrative departments for culture and tourism, and all application documents, conditions and procedures are the same as those for domestic investors. More

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UAE: 100% Foreign Ownership of Local Companies to Commence 1 June 2021

24 May 2021

The UAE government has confirmed that the new rules allowing 100% foreign ownership of onshore companies will come into force from 1 June this year, according to a report published by the official Emirates news Agency. More

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UAE: Dubai Launches the Al Quoz Creative District

21 April 2021

Dubai has launched a new hub for artists, designers and other players in the creative industries. Opened on 6 April 2021, the Al Quoz Creative District will serve as a one-stop shop and free zone area for creative-related services, and as a centre for issuing relevant business permits and visas. More

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MOFCOM Unveils Measures for Stabilising Foreign Investment

15 March 2021

The Ministry of Commerce (MOFCOM) recently issued a circular on stabilising foreign investment around the task of building a new development pattern. More

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SRI LANKA: New Foreign Investment Fast-Track Committee Established

05 March 2021

The newly-established Investment Management Committee Appointed by the Cabinet of Ministers is to evaluate and fast-track all investment proposals submitted to the government. More

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