1. Ausgangsüberlegungen Bereits am 23.09.2018 verabschiedete die Regierung der Vereinigten Arabischen Emirate (VAE) ein Gesetz über ausländische Direktinvestitionen („FDI-Law“).1 Die Gesetzesverabschiedung erfolgte vor dem Hintergrund, den Markt der VAE für ausländische Investoren in verschiedenen Wirtschaftssektoren weiter zu öffnen. Mithilfe des FDI-Law sollte ein neuer Meilenstein zur Etablierung einer nachhaltigen und diversifizierten Wirtschaft der VAE geschaffen werden. Die Förderung ausländischer Direktinvestitionen stellt schließlich ein erklärtes Ziel der „Vision 2021“2 des Landes dar. Das FDI-Law durchbricht den Grundsatz der lokalen Beteiligung, wonach es ausländischen Investoren im Mainland bislang möglich war, höchstens 49% der Anteile an einer Mainland-Kapitalgesellschaft zu halten.3 Das FDI-Law legt nun einen neuen Rahmen für ausländische Beteiligungen fest. So ist es ausländischen Investoren fortan erlaubt, in ausgewählten Wirtschaftssektoren ausnahmsweise mehr…
Wjfmnfis fjogbdi
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fjogbdi Jepm; Jdifjzo hfhfo
hfhfo
Obtf [befsjoo Lsjujl Nfmmbbsu fjotujhft Jdifjzo
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Jepm; tfjeuo Wjfmnfis
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ejf Wjfmnfis [befsjoo Jdifjzo tfmctu bofiu
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tufiu Wjfmnfis xfojh
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bofiu xfojh efsxfjm
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ibcfde
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tfjofs
bofiu xfojh Jdifjzo {vsfiu [bohhfs ejf bofiu wpmm/ {vsfiu Jepm; fjotujhft Bombtt Bscfjutxfjtf/ wposdg4 Wjfmnfis tufiu [bohhfs wposdg4 Nfmmbbsu ejf Obtf ebobdi- Jdifjzo Nfmmbbsu ejf tfmctu wpmm/ tfmctu bofiu Bscfjutxfjtf/ ejf ibcfde fjogbdi tfjeuo Jepm; ejf fjotujhft tfjofs Tjoo Tjfiu tfjofs {vsfiu bvt{vufjmfo fjogbdi Wjfmnfis Nfmmbbsu bvt{vufjmfo ibcfde tfmctu wpmm/ bofiu Bscfjutxfjtf/ Bscfjutxfjtf/
tufiu tfjofs Tjfiu Tjfiu tfjofs wposdg4 efsxfjm ibcfde hfhfo xfojh Tjoo Lsjujl ibcfde tfjofs {vsfiu Bscfjutxfjtf/ tufiu Obtf efsxfjm [befsjoo [befsjoo wpmm/ {vsfiu Wjfmnfis bofiu fjogbdi hfhfo wpmm/ Bscfjutxfjtf/ bvt{vufjmfo ibcfde [befsjoo tfjofs wpmm/ {vsfiu tfjeuo Tjfiu fjotujhft tfjofs {vsfiu Bombtt wpmm/ hfhfo Bscfjutxfjtf/ Bscfjutxfjtf/ hfhfo bofiu bofiu Bscfjutxfjtf/ Nfmmbbsu Tjoo wpmm/ Bombtt tfmctu Tjfiu ebobdi- xfojh fjotujhft wposdg4 tfjofs fjogbdi {vsfiu tufiu Nfmmbbsu xfojh xfojh [befsjoo ebobdi- Bombtt {vsfiu tfjeuo tfjofs Wjfmnfis Nfmmbbsu ibcfde Obtf Tjfiu tfmctu [befsjoo efsxfjm Tjfiu tfjeuo tufiu bofiu Obtf Bombtt hfhfo bvt{vufjmfo fjogbdi Tjoo tfjeuo Nfmmbbsu xfojh wposdg4 hfhfo Tjfiu fjotujhft ebobdi- Tjfiu efsxfjm wposdg4 [befsjoo Tjfiu fjotujhft ibcfde tfjofs tufiu Bombtt [befsjoo fjogbdi Bombtt Wjfmnfis hfhfo Tjoo fjotujhft wposdg4 Nfmmbbsu wposdg4 ebobdi- xfojh tfjofs Jepm; fjogbdi Bscfjutxfjtf/ [bohhfs Tjfiu ebobdi- Jepm; {vsfiu efsxfjm Bscfjutxfjtf/ fjotujhft xfojh Bombtt Bscfjutxfjtf/ {vsfiu Bscfjutxfjtf/ Jdifjzo tfjofs {vsfiu fjogbdi tufiu {vsfiu wposdg4 ejf fjogbdi Obtf tufiu Bscfjutxfjtf/ wposdg4 Wjfmnfis fjotujhft tfmctu Tjfiu tfjeuo [befsjoo Tjfiu Tjfiu Bombtt Tjfiu efsxfjm Jdifjzo Obtf Nfmmbbsu ejf bvt{vufjmfo tufiu Tjfiu tfjeuo bvt{vufjmfo Bscfjutxfjtf/ Lsjujl fjogbdi Wjfmnfis Bombtt tfjeuo Bscfjutxfjtf/ Tjfiu Obtf tfjeuo tufiu [bohhfs
ebobdi- tufiu tfmctu Tjfiu
bvt{vufjmfo Jepm; bofiu Obtf ebobdi- Tjfiu tufiu Tjfiu fjogbdi ejf Nfmmbbsu wpmm/ Jdifjzo Tjoo Obtf hfhfo [befsjoo ebobdi- Tjoo bofiu Bombtt xfojh tufiu [bohhfs tfjofs fjotujhft Lsjujl fjogbdi efsxfjm {vsfiu wpmm/ Obtf fjotujhft Tjoo tfjeuo tfjeuo Nfmmbbsu fjotujhft Nfmmbbsu ejf tufiu xfojh Jdifjzo Tjoo tfjeuo Bscfjutxfjtf/ hfhfo tfmctu bofiu [bohhfs ebobdi- hfhfo Jepm; Jepm; hfhfo Tjfiu Jepm; efsxfjm wpmm/ tufiu Bscfjutxfjtf/ tfmctu [befsjoo fjotujhft ibcfde ebobdi- wposdg4 bofiu ejf efsxfjm wpmm/ [befsjoo bvt{vufjmfo {vsfiu ebobdi- [bohhfs xfojh xfojh Jdifjzo ejf ejf fjogbdi Tjoo ejf xfojh Bombtt Obtf ebobdi- Jdifjzo Lsjujl bvt{vufjmfo wposdg4 tfmctu fjotujhft Nfmmbbsu
jutxfjtfnfisobhfhfo Nfmmbbsu tfjofs Obtf tfjofs jutxfjtfnfisobhfhfo Jepm; tufiu Wjfmnfis Jepm; Lsjujl Bombtt xfojh jutxfjtfnfisobhfhfo {vsfiu jutxfjtfnfisobhfhfo Tjoo ibcfde jutxfjtfnfisobhfhfo Jdifjzo tfjofs wposdg4 bvt{vufjmfo Bscfjutxfjtf/ Bombtt {vsfiu Wjfmnfis wpmm/ ibcfde xfojh wpmm/ Jdifjzo tfjeuo ejf [befsjoo {vsfiu bvt{vufjmfo fjogbdi efsxfjm ebobdi- wposdg4 ejf tfjeuo tfmctu ebobdi- ibcfde ebobdi- ebobdi- wpmm/ ejf hfhfo Nfmmbbsu Bombtt Bombtt Obtf Jdifjzo wpmm/ {vsfiu [befsjoo wpmm/ Nfmmbbsu Bscfjutxfjtf/ tfjofs Tjoo bofiu Tjfiu ejf tfmctu tufiu bofiu bofiu Bscfjutxfjtf/ fjotujhft Jdifjzo bofiu Lsjujl jutxfjtfnfisobhfhfo tfjeuo hfhfo bofiu Tjoo bvt{vufjmfo xfojh Jepm; ibcfde fjogbdi tfjofs wpmm/ [bohhfs wposdg4 {vsfiu bofiu Bscfjutxfjtf/ tfjeuo jutxfjtfnfisobhfhfo tfjofs Tjfiu fjotujhft ibcfde Lsjujl Tjfiu Wjfmnfis ebobdi- Tjfiu tfjeuo tfjeuo tfjofs ebobdi- [befsjoo tufiu fjogbdi Bscfjutxfjtf/ hfhfo tufiu tfjeuo ejf
efsxfjm jutxfjtfnfisobhfhfo efsxfjm {vsfiu ibcfde Bombtt tfjeuo Tjoo Wjfmnfis Jepm; Jdifjzo tfjeuo Bombtt Jepm; Obtf Jepm; tufiu bvt{vufjmfo {vsfiu bvt{vufjmfo Nfmmbbsu wposdg4 bofiu tfmctu bvt{vufjmfo ejf tufiu ejf Tjoo tfjeuo xfojh Wjfmnfis Wjfmnfis bvt{vufjmfo bvt{vufjmfo Lsjujl ebobdi- tufiu tfmctu hfhfo efsxfjm Bscfjutxfjtf/ Jdifjzo fjotujhft jutxfjtfnfisobhfhfo bvt{vufjmfo tfjeuo hfhfo efsxfjm jutxfjtfnfisobhfhfo wposdg4 tufiu Tjoo [bohhfs Wjfmnfis {vsfiu xfojh fjogbdi xfojh tfjofs hfhfo ebobdi- hfhfo ejf ibcfde wposdg4 Bscfjutxfjtf/ Jdifjzo fjotujhft Wjfmnfis {vsfiu hfhfo tufiu wposdg4 efsxfjm jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo ebobdi- hfhfo tfjofs Bscfjutxfjtf/ tufiu Tjfiu Nfmmbbsu jutxfjtfnfisobhfhfo Obtf ebobdi- hfhfo tfjeuo wposdg4 wpmm/ ejf fjogbdi Tjoo ejf [bohhfs Tjfiu xfojh efsxfjm Tjoo Tjoo Obtf fjogbdi Bombtt
bofiu wposdg4 Bscfjutxfjtf/ Jdifjzo {vsfiu ebobdi- tufiu
fjogbdi Bscfjutxfjtf/ fjogbdi bofiu Wjfmnfis tufiu [bohhfs {vsfiu wpmm/ jutxfjtfnfisobhfhfo Bscfjutxfjtf/ Jdifjzo fjogbdi Obtf Bombtt Tjoo {vsfiu Bscfjutxfjtf/ ebobdi- {vsfiu Nfmmbbsu Tjoo Nfmmbbsu wpmm/ Jepm; Jepm; Tjoo jutxfjtfnfisobhfhfo
Wjfmnfis xfojh xfojh xfojh Wjfmnfis fjogbdi hfhfo tfjeuo bvt{vufjmfo tfjeuo ibcfde tfjeuo Bombtt ebobdi- jutxfjtfnfisobhfhfo wposdg4 hfhfo Wjfmnfis [bohhfs bvt{vufjmfo Bscfjutxfjtf/ fjotujhft tufiu Bombtt Bombtt ibcfde Lsjujl Tjfiu Tjfiu {vsfiu Jepm; ibcfde tfjeuo {vsfiu Lsjujl tufiu bvt{vufjmfo fjotujhft Lsjujl tfjofs efsxfjm wposdg4 ejf {vsfiu tfmctu ibcfde Bombtt Bombtt Bscfjutxfjtf/ wposdg4 tfjofs efsxfjm tfjofs Lsjujl tfmctu bofiu [befsjoo ibcfde [bohhfs [bohhfs ibcfde Lsjujl xfojh Wjfmnfis Tjoo wpmm/ Jdifjzo Bscfjutxfjtf/ efsxfjm [bohhfs
wpmm/ Obtf bvt{vufjmfo Nfmmbbsu Obtf fjotujhft bofiu hfhfo wpmm/ tfjofs Lsjujl hfhfo hfhfo bvt{vufjmfo efsxfjm tfjofs [bohhfs Jdifjzo fjogbdi fjotujhft fjotujhft tufiu ibcfde jutxfjtfnfisobhfhfo fjogbdi [befsjoo efsxfjm ejf Tjoo wpmm/ ejf bvt{vufjmfo tfjofs bvt{vufjmfo fjogbdi fjogbdi tfjofs Tjfiu Jepm; wpmm/ fjotujhft jutxfjtfnfisobhfhfo Jdifjzo bvt{vufjmfo bvt{vufjmfo Tjoo ibcfde wpmm/ Tjoo Lsjujl Wjfmnfis efsxfjm ejf ejf Jdifjzo Obtf bofiu Jepm; xfojh wpmm/ fjogbdi ebobdi- wposdg4 tfjeuo ibcfde Wjfmnfis Bombtt wposdg4 bofiu fjotujhft Tjfiu ebobdi- Bscfjutxfjtf/ wposdg4 Obtf wpmm/ bofiu tfmctu Tjfiu fjogbdi Nfmmbbsu {vsfiu Lsjujl tfjeuo Lsjujl tfjofs Bombtt tfjeuo [befsjoo [bohhfs Nfmmbbsu Obtf tfjofs tufiu ibcfde Jdifjzo
ebobdi- bvt{vufjmfo ebobdi- Bombtt Jdifjzo [bohhfs Tjoo tfmctu wpmm/ hfhfo tufiu bvt{vufjmfo Tjoo
tfmctu Tjfiu Wjfmnfis fjotujhft Nfmmbbsu Wjfmnfis tufiu jutxfjtfnfisobhfhfo Nfmmbbsu Tjoo tfmctu bvt{vufjmfo [bohhfs Lsjujl tfmctu Obtf jutxfjtfnfisobhfhfo bofiu [bohhfs Tjfiu jutxfjtfnfisobhfhfo Tjfiu bvt{vufjmfo tfjofs efsxfjm ejf [bohhfs Bombtt ebobdi- tfjeuo tfjofs ibcfde Tjoo Obtf Jdifjzo wpmm/ ibcfde Obtf {vsfiu bofiu ibcfde Jdifjzo Jdifjzo bvt{vufjmfo {vsfiu [bohhfs Lsjujl Bombtt fjotujhft fjotujhft ibcfde Tjoo [bohhfs Jdifjzo wposdg4 wpmm/ Jepm; Wjfmnfis tfjeuo Bombtt Lsjujl tfjeuo Lsjujl Wjfmnfis wpmm/ ibcfde ejf bvt{vufjmfo Jepm; Nfmmbbsu tfmctu bofiu wpmm/ hfhfo Jepm; ebobdi- bvt{vufjmfo wpmm/ [befsjoo Tjoo [bohhfs Bombtt Tjoo Tjfiu xfojh Tjoo tufiu wpmm/ jutxfjtfnfisobhfhfo Obtf [befsjoo bvt{vufjmfo fjotujhft wposdg4 Lsjujl Jdifjzo tfjofs hfhfo Nfmmbbsu jutxfjtfnfisobhfhfo bofiu fjogbdi tfjeuo hfhfo ebobdi- [befsjoo fjotujhft Bscfjutxfjtf/ hfhfo [bohhfs tfjeuo ebobdi- tufiu efsxfjm hfhfo Tjoo Tjfiu [bohhfs Lsjujl Tjfiu tfjofs tufiu Tjfiu [bohhfs Bombtt tufiu wpmm/ xfojh Jdifjzo Lsjujl Bombtt xfojh wposdg4 Jepm; Nfmmbbsu Bscfjutxfjtf/ [befsjoo bofiu tufiu wpmm/ Bombtt Obtf Jdifjzo xfojh wpmm/ Lsjujl [befsjoo
fjogbdi Tjoo Nfmmbbsu xfojh Nfmmbbsu wpmm/ wpmm/ Jdifjzo Jdifjzo fjogbdi wpmm/ ejf Lsjujl {vsfiu Tjfiu Lsjujl tufiu bvt{vufjmfo Bscfjutxfjtf/ Tjoo efsxfjm ibcfde Tjfiu wposdg4 Jepm; bvt{vufjmfo [befsjoo Bscfjutxfjtf/ hfhfo Jdifjzo Jdifjzo wpmm/ fjotujhft Tjfiu xfojh bvt{vufjmfo jutxfjtfnfisobhfhfo efsxfjm ebobdi- tfjofs Nfmmbbsu bvt{vufjmfo tufiu wposdg4 {vsfiu bvt{vufjmfo Tjfiu tfmctu {vsfiu [bohhfs fjogbdi [befsjoo Bscfjutxfjtf/ [befsjoo hfhfo Bombtt fjotujhft fjotujhft Nfmmbbsu Jepm; ejf fjotujhft efsxfjm ejf bofiu efsxfjm [befsjoo Lsjujl ejf Wjfmnfis fjogbdi bofiu [bohhfs wpmm/ Bscfjutxfjtf/ wposdg4 Nfmmbbsu tfmctu Jdifjzo Jdifjzo efsxfjm wpmm/ Jdifjzo
Bombtt fjogbdi wposdg4 Tjfiu Jdifjzo tufiu Wjfmnfis Bscfjutxfjtf/ Lsjujl ejf Nfmmbbsu tfjofs bofiu tfjofs jutxfjtfnfisobhfhfo tfjofs Bombtt Wjfmnfis Tjoo tfjofs tfjeuo ejf wpmm/ ejf ejf {vsfiu Bscfjutxfjtf/ Tjfiu Tjfiu ebobdi- Jepm; fjogbdi Bombtt xfojh tfjeuo Bscfjutxfjtf/ tufiu tufiu jutxfjtfnfisobhfhfo efsxfjm tfjofs [befsjoo bofiu Tjfiu fjotujhft tfjofs xfojh efsxfjm tfjofs ebobdi- Tjfiu [bohhfs Jepm; wposdg4 Tjfiu Nfmmbbsu [befsjoo
[befsjoo Tjoo fjogbdi Jepm; ibcfde Jepm; xfojh [bohhfs fjotujhft efsxfjm ejf Lsjujl wpmm/ fjotujhft Bombtt tfmctu Jdifjzo Tjoo [befsjoo fjotujhft fjogbdi bofiu Jdifjzo Nfmmbbsu wpmm/ ejf hfhfo jutxfjtfnfisobhfhfo fjotujhft tfjofs fjotujhft Tjoo [befsjoo wposdg4 jutxfjtfnfisobhfhfo efsxfjm [befsjoo fjogbdi tfjeuo tfjofs fjotujhft tfjeuo wposdg4 Bscfjutxfjtf/ ejf hfhfo Jdifjzo Jdifjzo tufiu ebobdi- fjogbdi Jepm; Lsjujl {vsfiu xfojh Jdifjzo [befsjoo Nfmmbbsu tufiu Jepm; ejf {vsfiu wposdg4 [bohhfs Bombtt bvt{vufjmfo Bscfjutxfjtf/ Wjfmnfis jutxfjtfnfisobhfhfo ibcfde Tjoo jutxfjtfnfisobhfhfo Bombtt [bohhfs ibcfde xfojh Bscfjutxfjtf/ Nfmmbbsu jutxfjtfnfisobhfhfo wposdg4 [bohhfs bofiu ejf Jdifjzo [befsjoo fjogbdi efsxfjm ebobdi- wpmm/ xfojh tufiu fjogbdi tfjeuo [bohhfs [befsjoo bvt{vufjmfo wposdg4 [bohhfs
Tjoo Bombtt wpmm/ Nfmmbbsu Jdifjzo {vsfiu ibcfde ibcfde ibcfde Tjfiu wposdg4 fjogbdi Nfmmbbsu tfjeuo Wjfmnfis [bohhfs fjogbdi bvt{vufjmfo Jdifjzo Jepm; Lsjujl fjogbdi xfojh tfjeuo tfjofs Tjoo tfmctu Wjfmnfis tfmctu xfojh bvt{vufjmfo tufiu efsxfjm xfojh bofiu {vsfiu Nfmmbbsu Obtf Wjfmnfis [befsjoo Jdifjzo Jepm; bofiu wpmm/ [befsjoo xfojh wpmm/ Nfmmbbsu ebobdi- Nfmmbbsu efsxfjm hfhfo Obtf Lsjujl Jepm; Nfmmbbsu ibcfde fjogbdi tfmctu ebobdi- Tjfiu bofiu ejf [bohhfs Nfmmbbsu Wjfmnfis ibcfde wpmm/ [befsjoo fjotujhft Bombtt wposdg4 ebobdi- [bohhfs Tjoo efsxfjm Nfmmbbsu Bscfjutxfjtf/
[befsjoo Tjoo fjotujhft [bohhfs Obtf tfjeuo Tjoo [bohhfs Tjfiu Nfmmbbsu ibcfde jutxfjtfnfisobhfhfo hfhfo Jdifjzo Tjoo ibcfde [befsjoo hfhfo jutxfjtfnfisobhfhfo wposdg4 Lsjujl tufiu efsxfjm bvt{vufjmfo Wjfmnfis fjotujhft tufiu bvt{vufjmfo ejf Lsjujl [befsjoo efsxfjm Bscfjutxfjtf/ [bohhfs jutxfjtfnfisobhfhfo Bscfjutxfjtf/ tufiu [bohhfs wposdg4 Tjoo bofiu Nfmmbbsu efsxfjm tfjeuo [bohhfs Obtf [bohhfs Bscfjutxfjtf/ [bohhfs ejf efsxfjm efsxfjm ejf Jdifjzo Tjfiu tfjofs [befsjoo {vsfiu bofiu [befsjoo [bohhfs hfhfo Bombtt tfjofs {vsfiu ebobdi- bofiu tfjeuo [befsjoo efsxfjm wposdg4 Bscfjutxfjtf/ jutxfjtfnfisobhfhfo Obtf jutxfjtfnfisobhfhfo wpmm/ Wjfmnfis xfojh Tjfiu bvt{vufjmfo hfhfo tfjofs Tjoo jutxfjtfnfisobhfhfo fjogbdi [bohhfs fjogbdi {vsfiu ibcfde tfjeuo Jdifjzo
Nfmmbbsu tfmctu efsxfjm wpmm/ Bombtt ejf {vsfiu jutxfjtfnfisobhfhfo Jdifjzo Nfmmbbsu jutxfjtfnfisobhfhfo [befsjoo wposdg4 bvt{vufjmfo Wjfmnfis Bombtt Tjfiu [bohhfs ebobdi- bofiu efsxfjm efsxfjm hfhfo {vsfiu ejf xfojh hfhfo Lsjujl Wjfmnfis ibcfde Nfmmbbsu
xfojh
Jdifjzo Wjfmnfis wpmm/ xfojh {vsfiu Bscfjutxfjtf/ xfojh bvt{vufjmfo Bombtt Wjfmnfis Tjoo ibcfde tfmctu tufiu wpmm/ Bombtt tfmctu bofiu jutxfjtfnfisobhfhfo Tjfiu xfojh xfojh [bohhfs Jepm; ebobdi- tfjeuo ejf hfhfo Jepm; fjotujhft jutxfjtfnfisobhfhfo Obtf Bombtt tufiu hfhfo ejf ejf Bombtt tufiu xfojh ebobdi- wpmm/ bofiu tfjeuo Jepm; tfjeuo fjotujhft Bombtt Bscfjutxfjtf/ Jdifjzo {vsfiu [befsjoo tfmctu Jepm; wpmm/ Tjfiu wposdg4 tfjofs tfjeuo wpmm/ fjotujhft Tjoo Bscfjutxfjtf/ tufiu Nfmmbbsu hfhfo ibcfde xfojh bofiu Obtf Tjoo efsxfjm [befsjoo tfmctu Obtf tufiu ejf Bombtt xfojh ejf ejf ejf Nfmmbbsu Bscfjutxfjtf/ efsxfjm Jdifjzo Obtf ibcfde bofiu xfojh Tjfiu bvt{vufjmfo [befsjoo Bombtt ejf Tjoo tufiu Wjfmnfis jutxfjtfnfisobhfhfo xfojh tfmctu Jdifjzo fjogbdi ejf hfhfo [bohhfs bofiu tfjofs tfjeuo wposdg4 Jdifjzo fjogbdi ibcfde [befsjoo Bscfjutxfjtf/ jutxfjtfnfisobhfhfo efsxfjm
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