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UAE Yearbook 2010
doing business change in rank 80 70 60 50 40 30 20 10 0 -10 enforcing contracts trading across borders protecting investors getting credit employing workers dealing with construction permits starting a business doing business (unctad). the country attracted an inflow of around dh51.4 billion in 2008, unctad said in a study on west asian fdi published in its annual report for 2009. but it warned that a lack of activity in global credit markets was likely to lead to a decline in fdi in 2009. the government has been active in its efforts to improve conditions to meet with the aspirations of international investors. a planned new companies law is expected to lead to a relaxation of foreign ownership rules. once implemented in 2010, the law will enable international firms in certain sectors, such as industry, to be allowed to own a greater stake in businesses they establish in the emirates. the law now requires foreigners to have an emirati as a sponsor and limits them to a maximum 49 per cent ownership of businesses. the exceptions are free zones, where foreign companies can have 100 per cent ownership. 71 > the economy
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