On 29/06/2021, the Chairman of the Department of Economic Development in Abu Dhabi issued Administrative Decision No. 320 of the year 2021 regarding Activities With Strategic Impact And The Percentage Of Foreign Ownership.
The provisions of this decision shall be implemented from the date of its issuance and publication in the Official Gazette, in accordance with Article (6). This decision stipulated the cancellation of the implementation and the execution of Administrative Resolution No. (37) for the year 2021 regarding activities available for foreign ownership, in accordance with Article (5). of the same decision
The decision, according to the text of the first article, allowed non-citizens, natural and legal persons, to have full ownership of commercial and industrial companies or own any percentage of all commercial and industrial activities, except for those with strategic impact (as shown in the attached table).
Article (2) of the same decision indicated that companies that engage in any of the activities of strategic impact are subject to the terms and controls of the authority regulating them,
according to Cabinet Resolution No. 55 of 2021 regarding the determination of the list of activities with strategic impact.
The decision gave existing companies the right to adjust their positions in accordance with the provisions of this decision and the procedures followed by the Department of Economic Development in the Emirate of Abu Dhabi.
For the services related to amending the legal status of the existing companies, kindly contact Dr. Mohammed Haitham Salman on Cellphone: 0506126930.