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A Customs-free access?

The Oath

By Charles Laubach and Saurbh Kothari

The Federal Decree-Law 19 of 2018 on Foreign Direct Investment (the FDI Law) permits majority foreign investment in certain business sectors and activities. Although majority ownership is attractive, it is not the only factor that a potential foreign direct investor should consider.

One additional factor is whether the proposed business would qualify for the 5 per cent GCC customs duty exemption that is discussed below. Customs-exempt access to the larger GCC market could be a critical factor to the success of a business.

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