U.A.E. Raises the Stakes to Stop Foreigners From Leaving DubaiBy and
Foreigners can soon fully own companies anywhere in country
Gulf Arab neighbors stepped up efforts to entice investors
The United Arab Emirates is taking its most drastic steps yet to stop Saudi Arabia or Qatar from encroaching on its lead in attracting foreign investors.
In an unprecedented departure in policy, the U.A.E. will soon allow foreigners to fully own their businesses in Dubai or Abu Dhabi without a local partner. In some cases, professionals will even be entitled to 10-year residency permits.