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The Board of Investment (BOI) Law in Abu Dhabi, United Arab Emirates, regulates the registration, establishment, and operation of foreign investment in the Emirate of Abu Dhabi. Overseen by the Abu Dhabi Investment Authority (ADIA), it provides a clear legal architecture designed to protect and promote foreign investments, supporting the economic development of the region. Aimed at improving investment climate to make it more favorable for foreign investors, the BOI law covers critical areas, such as eligibility for investment, legal protection and guarantees, incentives, and dispute resolution.
Whilst the BOI law in Abu Dhabi is designed to facilitate and encourage foreign investment, it still involves complex legal procedures that require careful navigation. Potential investors may need a lawyer to understand the applicable legal procedures, documentation, and local regulations. Lawyers can also help structure your investment to ensure compliance with the BOI law, and mitigate any potential legal risks that may arise due to misinterpretation or non-compliance with local laws and regulations. Furthermore, should any disputes arise concerning the investment, having a lawyer ensures protection of your rights and interests under the law.
BOI Law is administered within the framework of UAE’s broader legal system, namely Federal Law No. 19 of 2018 concerning Foreign Direct Investment (FDI). Though the law offers broad acceptance for foreign investments, certain sectors are excluded for strategic reasons or national security like oil and gas. However, other sectors like technology, healthcare, and renewable energy are prioritized for foreign investment. Investors are offered incentives such as exemptions from customs duties, repatriation of capital, and profits, among others. However, a detailed review of the individual case by a legal professional is advisable to assess compliance with all legal provisions and to take advantage of all benefits and incentives.
The BOI law offers several incentives to foreign investors, including, but not limited to, 100% foreign ownership, profit and capital repatriation, exemption from certain customs duties, and world-class infrastructure facilities, among others.
Several sectors are given priority for foreign investment including technology, aerospace, healthcare, and renewable energy among others, as these sectors align with Abu Dhabi’s long-term development plans. It's important to check the updated list as priorities can change.
Certain sectors are excluded from foreign investment for strategic reasons, or national security, including oil and gas exploration and production.
The required minimum capital for an investment under the BOI law varies from one activity to another and may be dependent on the specific requirements of the project.
Yes, the BOI law provides legal protection and guarantees for foreign investments against expropriation and nationalization, except for public interest and in accordance with the law.
The BOI law provides mechanisms for dispute resolution, which includes arbitration and litigation, depending on the nature and size of the dispute.
Yes, the BOI law in Abu Dhabi allows 100% foreign ownership of businesses in most sectors.
While Arabic is the official language of Abu Dhabi, English is widely used in business transactions. However, all official documents should be translated into Arabic.
No, there are no restrictions on repatriation of profits or capital under the BOI law.
While previously compulsory, the requirement for a local partner or sponsor has been removed for certain sectors. However, laws and regulations can change, so it's advisable to consult with a legal expert.
The Abu Dhabi Investment Authority (ADIA) and the Abu Dhabi Department of Economic Development (ADDED) are useful resources for information about the BOI law and investment opportunities in general. The Abu Dhabi Investment Office (ADIO) also provides guidance and support for investors, to ensure they are able to fully understand and comply with the local investment laws.
If you need legal assistance with investing in Abu Dhabi, it is advisable to consult a legal professional who specializes in UAE investment law. They can provide guidance on the legal procedures, help structure your investment to ensure compliance with the BOI law, help you understand the incentives offered, and ensure your investment is legally protected. A lawyer can also help resolve any potential disputes that may arise related to your investment.