FOREIGN INVESTMENT

SAUDI ARABIA: Only Foreign Firms with Local RHQs Open to Government Work after 2024

24 February 2021

Saudi of Arabia will stop all government contracts with foreign companies and commercial institutions that do not have regional headquarters (RHQs) located in the Kingdom from 1 January 2024, according to a Saudi Press Agency (SPA) announcement on 15 February 2021. More

hktdc research

New Catalogue of ‘Encouraged’ Industries for Foreign Investment Released

05 January 2021

On 28 December 2020, the National Development and Reform Commission and the Ministry of Commerce jointly published the latest edition (2020 edition) of the Catalogue of Encouraged Industries for Foreign Investment (Order No. 38 [2020]). More

hktdc research

NIGERIA: New Task Force Launched to Monitor Expatriate Hiring Quotas

04 January 2021

The Nigerian government has formed a task force to monitor and implement business permits and expatriate quotas. More

hktdc research

China Issues Foreign Investment Security Review Rules

24 December 2020

On 19 December, the National Development and Reform Commission (NDRC) and the Ministry of Commerce (MOFCOM) jointly released new measures for the security review of foreign investment (NDRC and MOFCOM Order No. 37 [2020]), which will take effect on 18 January 2021. More

hktdc research

Shenzhen Implements Rules on Optimising Business Environment Next January

16 December 2020

New rules passed by the Standing Committee of the Sixth Shenzhen Municipal People’s Congress, Regulations of Shenzhen Special Economic Zone on Optimising Business Environment, will come into force on 1 January 2021. More

hktdc research

SAUDI ARABIA: New Law for Chambers of Commerce to Boost Foreign Participation

10 December 2020

Saudi Arabia has issued a new law scrapping the Saudi nationality requirement for membership on a board of directors of the Saudi chambers of commerce, and allowing foreign investors to become board members for the first time. More

hktdc research

UAE: 100% Foreign Ownership of Companies Outside Zones Now Possible

03 December 2020

The United Arab Emirates (UAE) has removed the requirement for an Emirati partner for foreign entrepreneurs setting up businesses in the country, opening the way for 100% foreign ownership across the Emirates. More

hktdc research

UAE: Dubai Multi Commodities Centre ups Incentives to Attract Foreign Businesses

12 November 2020

The Dubai Multi Commodities Centre (DMCC) has launched a business setup package that allows international businesses to open a representative office in the free zone within five working days, with a six-month trial period free of regular charges. More

hktdc research

China Strengthens Supervision of Foreign-Invested Telecoms Firms

09 November 2020

On 15 October, the Ministry of Industry and Information Technology (MIIT) issued a circular on strengthening the on-going and ex-post supervision of foreign-invested telecoms enterprises (Gong Xin Bu Tong Xin Han No. 248 [2020]). More

hktdc research

Shanghai Unveils Regulations on Foreign Investment

28 October 2020

The 15th Shanghai Municipal People’s Congress recently passed Regulations on Foreign Investment in Shanghai at a meeting of its standing committee. More

Page of 8