Understanding the Newley Issued Executive Regulations of The Investment of Foreign Capital Law

INTRODUCTION In January 2019, the Law on Investment of Foreign Capital in The Economic Activity (“Foreign Investment Law”) received the Emiri assent and came into force in February of the same year. The Foreign Investment Law introduced important provisions to attract Foreign Direct Investment (“FDI”) through granting major and highly scaled incentives to encourage the foreign investor such as exceeding the 49% ownership cap provided under the Commercial Companies Law and furnishing...