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Ownership Eligibility in Dubai Mainland
When starting a business in Dubai Mainland, foreign investors now have the opportunity to own 100% of their company in most sectors. This change has made Dubai an even more attractive destination for entrepreneurs from around the world. However, there are still specific industries where full foreign ownership is not allowed. It’s important to understand these restrictions before you begin the process of setting up your business.
Activities Not Permitted for 100% Foreign Ownership
Dubai has set out certain types of activities where 100% foreign ownership is not permitted. If your business plans to engage in one or more of these activities, you will need to find a local partner. Here are some of the key activities where these restrictions apply:
Security and Defense-Related Activities
This category includes businesses involved in the production and sale of military equipment, weapons, and vehicles. It also covers services related to military consulting, technology development, and the repair and maintenance of military gear. For example, if your business involves making military uniforms, trading military tools, or developing military communication systems, you would need a local partner.
Telecommunications
In the telecommunications sector, ownership restrictions apply to the operation of broadcasting stations, telecommunications services, and satellite communications. This includes both wired and wireless services, as well as satellite ground stations. If your business involves managing these types of operations, you will need to work with a local partner.
Banking, Finance, and Insurance
Businesses involved in banking, financial services, and insurance are also subject to these ownership rules. This includes commercial banks, Islamic banks, financing activities, insurance services, and related services like currency exchange and coin production. If you are planning to enter this sector, partnering with a local entity is required.
Other Specialized Activities
Other sectors with ownership restrictions include certain types of commercial agencies, organizing Hajj and Umrah trips, and specific activities related to marine resources, such as natural pearl diving. If your business falls into one of these categories, you will need to take the ownership restrictions into account.
Checking Additional Approvals
Before you begin setting up your business, it’s essential to check if your planned activities require additional approvals from other government departments or agencies. Some types of businesses may need special permissions or must meet specific conditions, so it’s important to ensure you are aware of these requirements and can comply with them. Doing this upfront can help you avoid delays and ensure a smoother business setup process.
How Can Choose UAE Help
Setting up a business in Dubai Mainland can be complex, especially with the restrictions on ownership in certain industries. Choose UAE is here to help you navigate these challenges and secure the necessary licenses and approvals. Whether you need to find a local partner or need expert advice on the best structure for your business, our team provides the guidance and support you need to start your business journey in Dubai successfully.
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