On the face of it, this move by the UAE government looks very promising for foreign investors. However the reality may pan out to be different as evidenced by practices in other countries. Although on paper a foreign business can now have 100% ownership, in reality numerous hurdles or difficulties can be placed to force local partners to be robed in, albeit at a lower shareholding percentage. For instance subtle pressure can be placed on businesses to robe in local partners to expedite licenses from local licensing authorities. Vested interests who have been enjoying the fruits of easy money through majority shareholding will endeavor to find alternative means of extending their source of easy money.
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