DUBAI: Dubai Chamber of Commerce and Industry (Dubai Chamber) organised a workshop titled ‘Key Aspects of Foreign Direct Investment’, to help the private sector to understand the key aspects of UAE FDI Law.
Organised in collaboration with international law firm Clyde & Co, the workshop raised awareness about the FDI Law and focused on other important issues like regulations on foreign ownership in the UAE, corporate structuring for foreign investors, economic substance, and fines for non-compliance.
Conducted by Clyde & Co, Partners Benjamin Smith and Adrian Low, and Associate Katy Thomson, the workshop was attended by representatives from various sectors including lawyers, legal professionals, business owners, executives, experts in contracts and compliance, investors and general managers.
Director of the Dubai Chamber’s Legal Services Department, Jehad Kazim, said the UAE was characterised by its open market, full of investment opportunities. “The UAE offers fertile ground for companies to grow and expand their operations to neighbouring markets,” she said, describing the FDI Law as a game-changer in terms of providing a safe and stimulating environment for investors.
“The law covers various elements of interest to investors. It allows them to fully own their projects in specific sectors and provides clear information and data to guide their investment choices and decisions,” Kazim explained, noting that the workshop organised by the Chamber aimed to improve the private sector’s awareness of the law, its applications and provisions.
Benjamin Smith, Corporate Partner at Clyde & Co in Dubai said: “We were delighted to collaborate with Dubai Chamber to organise this important workshop that highlighted significant recent legislative developments regarding the FDI Law, and corporate structuring. These topics are of great interest to our clients and to companies operating in the UAE in general.” Dubai Chamber’s annual programme of activities includes organising training and awareness workshops that target the emirate’s business sector and cover the latest legal and regulatory developments that affect the corporate environment.
