UAE Foreign Direct Investment LawCabinet Resolution No. (16) of 2020 Regarding Determining the Approved List of Sectors and Economic Activities in which Direct Foreign Investment is Permitted and their Percentage of Ownership

Article (11) Publication and Enforcement of the Resolution This Resolution shall be published in the Official Gazette; and shall enter into force as of the day following the date of its publication. Mohammed Bin Rashid Al Maktoum Prime Minister Issued by us: On: Rajab 22, 1441 H Corresponding to: March 17, 2020

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Cabinet Resolution of 2020 Regarding Determining the Approved List of Sectors and Economic Activities in which Direct Foreign Investment is Permitted and Their Percentage of Ownership 5 Annex 1 The Approved List of Sectors and Economic Activities in which Direct Foreign Investment is permitted attached to Cabinet Resolution No. (16) of 2020 Agriculture Sector # Reference ISIC4 Economic Activities Minimum capital per Million/AED Direct Foreign Investment Requirements and Conditions 1 01111 Grains farming (wheat, corn, barley etc) 7,5 - Using modern technologies. - Achieving a high added value. - Contributing to research and development field in production. - Requirements of authorities relevant to licenses in the State are fulfilled. 2 01112 Legumes Farming 7,5 3 0113 Vegetables, watermelons, roots and tubers farming. 7,5 4 0114 Sugarcane farming 7,5 5 0116 Fiber crops farming 7,5 6 0119001 Flowers and buds farming 7,5 7 0121 Grapes 7,5

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Cabinet Resolution of 2020 Regarding Determining the Approved List of Sectors and Economic Activities in which Direct Foreign Investment is Permitted and Their Percentage of Ownership 6 farming 8 0123001 Fruits and citrus farming 7,5 9 0124 Pome Fruits and drupes (stone fruits) farming 7,5 10 0125 Other fruit trees, shrubs and juglandines farming. 7,5 11 0126 Oily fruits farming 7,5 12 0127 Beverage crops farming 7,5 13 01289 Aromatic, drug and medicinal plants farming 7,5 14 0161 Support activities for crops production 10 15 0162 Support activities for animal production 7,5 16 0163 Post-harvest crops activities 7,5

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Cabinet Resolution of 2020 Regarding Determining the Approved List of Sectors and Economic Activities in which Direct Foreign Investment is Permitted and Their Percentage of Ownership 7 17 0164 Seeds processing for reproduction 7,5 18 0210 Agroforestry planting and forests-related activities 7,5 19 0240 Support activities for forests 7,5

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Cabinet Resolution of 2020 Regarding Determining the Approved List of Sectors and Economic Activities in which Direct Foreign Investment is Permitted and Their Percentage of Ownership 8 Annex 2 The Approved List of Sectors and Economic Activities in which Direct Foreign Investment is permitted attached to Cabinet Resolution No. (16) of 2020 Manufacturing Sector # Reference ISIC4 Economic Activities Minimum capital per Million/AED Direct Foreign Investment Requirements and Conditions 20 10 Food products manufacturing (with the exception of): 1071 Bakery products manufacturing, 105 Dairy products manufacturing, 108 Prepared animal feed. 15 - Using modern technologies. - Achieving a high added value. - Contributing to research and development field in production. - Requirements of authorities relevant to licenses in the State are fulfilled. 21 11 Beverages Manufacturing (with the exception of): 1101 distillation, refinement and mixing spirit drinks, 1102 Wine manufacturing, 1103 Alcoholic beverages manufactured from barley. 15 22 14 Clothes manufacturing (with the exception of): 14109 tailoring and sewing of ready-made clothes 1410122 manufacturing of military clothes. 15 23 15 Leather products and leather- related products manufacturing. 15

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Cabinet Resolution of 2020 Regarding Determining the Approved List of Sectors and Economic Activities in which Direct Foreign Investment is Permitted and Their Percentage of Ownership 9 24 16 Timber, timber and cork products manufacturing, with the exception of manufacturing sorts of straw and materials of intertwining. 15 25 2012002 Manufacturing Pure or compound fertilizers. 15 26 2013 Manufacturing plastics and synthetic rubber in its raw forms. 15 27 2021 Manufacturing Pesticides and other agricultural chemical products. 15 28 2022 Manufacturing paints, varnishes and similar paints in addition to printing inks and mastic putties. 15 29 2023 Manufacturing Soap, detergents, detergents, cleaning products, polishers, perfumes and cosmetics. 15 30 2029006 Manufacturing glues and prepared adhesive materials. 15 31 2029008 Manufacturing inks for writing and drawing. 15 32 2029009 Manufacturing chemicals that are used in preparation of textiles and leathers. 15 33 2029013 Manufacturing photographic slides and films. 15 34 2029019 Manufacturing gelatine and its derivatives. 15 35 2029021 Manufacturing basic oils (concentrated perfumes). 15

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Cabinet Resolution of 2020 Regarding Determining the Approved List of Sectors and Economic Activities in which Direct Foreign Investment is Permitted and Their Percentage of Ownership 10 36 202922 Manufacturing natural aromatic products essences. 15 37 2029023 Manufacturing distilled aromatic waters. 15 38 202924 Manufacturing matches. 15 39 202925 Manufacturing powders and putties for welding. 15 - Using modern technologies. - Achieving a high added value. - Contributing to research and development field in production. - Requirements of authorities relevant to licenses in the State are fulfilled. 40 2030 Manufacturing artificial fibers. 15 41 2100 Manufacturing pharmaceutical materials, chemical and plant medical products. 15 42 22 Manufacturing rubber and plastics products. 15 43 23 Manufacturing other non-metallic metals. 15 44 24 Manufacturing base metallic products (with the exception of): 242 Manufacturing precious nonferrous metals 2432 casting nonferrous metals. 20 45 25 Manufacturing moulded metals, with the exception of machineries and equipment. (With the exception of) 252 Manufacturing weapons and ammunitions. 15 46 26 Manufacturing computers, electronic and optical products. 15 47 27 Manufacturing electrical devices. 20 48 28 Manufacturing uncategorized machineries and equipment in 100

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Cabinet Resolution of 2020 Regarding Determining the Approved List of Sectors and Economic Activities in which Direct Foreign Investment is Permitted and Their Percentage of Ownership 11 another situation. (With the exception of): 28259 Manufacturing tobacco preparation machines. 49 29 Manufacturing motor vehicles, trailers and semi-trailers. 100 50 3011101 Building commercial ships. 100 51 3011103 Manufacturing parts of ships and floating facilities. 100 52 3011905 Installation of floating or sunk drilling platforms. 100 53 3011906 Installation of floating facilities 100 54 3011907 Construction of hovercrafts 100 55 3012 Construction of excursion and sport boats. 15 56 3020 Manufacturing railway locomotives and trolleys. 20 57 3030 Manufacturing air, space vehicles and machines connected to such vehicles. (With the exception of): 3030006 Manufacturing of military guided ballistic Missiles. 100 58 3090 Manufacturing transport equipment uncategorized in another place. 20 59 31 Manufacturing furniture 15

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Cabinet Resolution of 2020 Regarding Determining the Approved List of Sectors and Economic Activities in which Direct Foreign Investment is Permitted and Their Percentage of Ownership 12 60 3220 Manufacturing musical instruments 2 61 3230 Sports instruments 3 62 3240 Manufacturing games 3 63 3250 Manufacturing medical instruments and accessories used in teeth medicine. 20 64 3290 Manufacturing other products uncategorized in another place. 3 65 3312001 Repair and maintenance of train engines. 15 66 3312002 Repair and maintenance of ship engines 15 67 3315001 Repair and maintenance of ships. 15 68 3315004 Repair and maintenance of trains and railway equipment. 15 69 3315005 Repair and maintenance of Aircraft engines. 15 70 3315006 Repair and maintenance of Aircrafts. 15

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Cabinet Resolution of 2020 Regarding Determining the Approved List of Sectors and Economic Activities in which Direct Foreign Investment is Permitted and Their Percentage of Ownership 13 Annex 3 The Approved List of Sectors and Economic Activities in which Direct Foreign Investment is permitted attached to Cabinet Resolution No. (16) of 2020 Service Sector # Reference ISIC4 Sectors and Activities Minimum capital per Million/AED Direct Foreign Investment Requirements and Conditions 71 6910002 Legal consultancies offices Subject to applicable legislations - No appearing before UAE courts. - No engaging in any judicial procedure before the courts, arbitral tribunals, judicial committees or official authorities. - No undertaking notarization

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Cabinet Resolution of 2020 Regarding Determining the Approved List of Sectors and Economic Activities in which Direct Foreign Investment is Permitted and Their Percentage of Ownership 14 tasks. - Obtaining the approval of relevant authorities in the State. - To be a natural or legal person recognized for excellence in this field. 72 692 Accounting, book-keeping, auditing and tax consultancies activities Subject to applicable legislations Tax planning works are only allowed for works of tax consultancies, preparation and review for businesses. 73 711 Architecture and engineering activities in addition to related technical consultancies. Subject to applicable legislations To be a natural or legal person recognized for excellence in this field/

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Cabinet Resolution of 2020 Regarding Determining the Approved List of Sectors and Economic Activities in which Direct Foreign Investment is Permitted and Their Percentage of Ownership 15 74 862 Medical and dentist clinics activities 75 75 Veterinary activities 76 620 Computer programs, consultancies and related activities Subject to applicable legislations Provision of a technical team work that shall not be less than 5 specialists in programming at the end of the first year of the company. 77 72 Research and development in scientific sector Subject to applicable legislations Subject to applicable legislations 78 7730-77300 Machineries, other equipment and real items renting (with the exception of automotive- related renting services)

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Cabinet Resolution of 2020 Regarding Determining the Approved List of Sectors and Economic Activities in which Direct Foreign Investment is Permitted and Their Percentage of Ownership 16 79 471 Retail trading in unspecialized stores (with the exception of cooperatives 4711001) 100 80 731 Advertisement Subject to applicable legislations 81 732 Market researches and questionnaires 82 702 Consultancy expertise in the field of management activities 83 712 Technical tests and analyses 84 331 Repair of moulded metals products, machineries and equipment (with

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Cabinet Resolution of 2020 Regarding Determining the Approved List of Sectors and Economic Activities in which Direct Foreign Investment is Permitted and Their Percentage of Ownership 17 the exception of ships or Aircrafts and other transport equipment). 85 8121-81210 General cleaning of buildings 86 742 Photography activities 87 8292-82920 Packaging activities 88 823 Conferences and commercial fairs organization 89 741 Specialized design activities 90 7490005 Legal translation services 91 7490006 Movies and TV programs translation services

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Cabinet Resolution of 2020 Regarding Determining the Approved List of Sectors and Economic Activities in which Direct Foreign Investment is Permitted and Their Percentage of Ownership 18 92 7490012 Translation services of publications 93 749002 Interpretation services 94 41 Construction of buildings Subject to applicable legislations Only projects of infrastructure of a wide scale, such as airports, motorways, sports facilities and projects which value exceeds AED 450 million shall be allowed. 95 42 Civil engineering 96 432 Electricity, plumbing and other construction activities 97 433 Completion and decoration of

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Cabinet Resolution of 2020 Regarding Determining the Approved List of Sectors and Economic Activities in which Direct Foreign Investment is Permitted and Their Percentage of Ownership 19 buildings 98 431 Demolition and site preparation work. 99 439 Other specialized construction activities 100 7730009 Hiring construction, building or demolition machineries and equipment. 101 851 Pre-school and primary education Subject to applicable legislations 1. Public education shall be the exempted. 2. Provided that the approval of competent authorities to establish and give instructions to an educational

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Cabinet Resolution of 2020 Regarding Determining the Approved List of Sectors and Economic Activities in which Direct Foreign Investment is Permitted and Their Percentage of Ownership 20 institution shall be obtained. 3. This may be also subject to requirements and convenience of the school facilities and guarantee of a high level of education quality 102 852 Secondary education 103 853 Higher education 104 854 Other kinds of education 105 370 Sewage Subject to applicable legislations in this regard. 106 382 Wastes processing and disposition 107 3900001 Pollution effects processing and

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Cabinet Resolution of 2020 Regarding Determining the Approved List of Sectors and Economic Activities in which Direct Foreign Investment is Permitted and Their Percentage of Ownership 21 environment protection services 108 861 Hospital activities 100 1. This is subject to the approval of relevant authorities which depend on tests of economic need that takes into consideration the number of hospitals, medical and health centres in a certain area. 2. In Dubai Healthcare City, test of economic need will not be required. 109 869 Other activities in the field of human health 70 Subject to applicable legislations

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Cabinet Resolution of 2020 Regarding Determining the Approved List of Sectors and Economic Activities in which Direct Foreign Investment is Permitted and Their Percentage of Ownership 22 110 8211001 Hotels management Subject to applicable legislations 111 8211004 Restaurants management 112 90009 Creative activities and drama arts (theatre) Only theatre activities, live theoretical companies and circus services are allowed 113 9000104 Concert 114 9000110 Circus 115 8130002 Gardens and parks decoration services. Subject to applicable legislations. 116 9103-91030 Gardens of plants, zoos and natural reserve. Only services of public gardens are allowed. 117 5012-50120 Maritime and coastal freight of goods

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Cabinet Resolution of 2020 Regarding Determining the Approved List of Sectors and Economic Activities in which Direct Foreign Investment is Permitted and Their Percentage of Ownership 23 118 5022001 Water internal freight of goods Subject to applicable legislations 119 7730016 Chartering commercial ships. 120 5222002 Pilotage and towing of ships 121 5222007 Maritime towing for boats, water and sea jet skis 122 New Holding companies' activities in intellectual properties.

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