FOREIGN INVESTMENT

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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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

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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

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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

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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

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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

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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

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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

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