The UAE Cabinet’s decision to allow 100% foreign ownership of non Free Zone businesses, supported by a 10-year residency for investors, along with certain professionals and students, will act as a catalyst for economic growth for the UAE, attract pools of talented professionals who can operate their own independent practices, and provide international students with access to the UAE’s top educational institutions.

This step is another great stride forward by our visionary leaders to ensure the long-term prosperity and growth of the UAE, by laying the foundations that encourage investment, entrepreneurship and innovation. Its impact will have a profound effect on the UAE and the wider region; and further reinforce the country’s reputation as one of the most dynamic and forward thinking societies.