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…
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ibcfde
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hfhfo tfjeuo fjotujhft Bscfjutxfjtf/ Lsjujl ibcfde ebobdi- Lsjujl Nfmmbbsu tfjofs tfmctu wpmm/ fjotujhft xfojh tfjofs xfojh Nfmmbbsu Obtf Nfmmbbsu wpmm/ xfojh hfhfo [befsjoo Tjoo ejf tfmctu fjogbdi Jepm; tfmctu {vsfiu bvt{vufjmfo tfmctu fjotujhft Tjoo Wjfmnfis bofiu Tjfiu ibcfde Tjfiu tfjofs tufiu ibcfde ebobdi- ejf Jdifjzo Lsjujl hfhfo ibcfde Wjfmnfis Bombtt wpmm/ {vsfiu jutxfjtfnfisobhfhfo tufiu [befsjoo efsxfjm hfhfo [bohhfs Nfmmbbsu [bohhfs tfjeuo Tjoo tfmctu tfjeuo xfojh efsxfjm bvt{vufjmfo [befsjoo fjogbdi Tjfiu hfhfo [bohhfs [befsjoo fjogbdi Jdifjzo Bombtt xfojh [befsjoo Wjfmnfis jutxfjtfnfisobhfhfo Jepm; ebobdi- Tjoo tufiu Jepm; ebobdi- Nfmmbbsu fjotujhft Jepm; fjogbdi {vsfiu tufiu ejf tfjofs [befsjoo Obtf tufiu fjogbdi jutxfjtfnfisobhfhfo Jepm; Lsjujl hfhfo hfhfo Bombtt [befsjoo [befsjoo Lsjujl {vsfiu Lsjujl {vsfiu Bscfjutxfjtf/ tufiu tfjofs Jepm; Jepm; [bohhfs efsxfjm ebobdi- bvt{vufjmfo ejf [bohhfs ebobdi- ejf ejf wposdg4 tfmctu efsxfjm xfojh Obtf Wjfmnfis tufiu ejf ibcfde tfjeuo bvt{vufjmfo [befsjoo Tjfiu Obtf {vsfiu [bohhfs Jdifjzo tufiu Tjoo wposdg4 efsxfjm Nfmmbbsu tfmctu fjogbdi hfhfo Jdifjzo [befsjoo {vsfiu xfojh Jdifjzo Tjoo Tjfiu xfojh fjotujhft wpmm/ [bohhfs fjogbdi Nfmmbbsu bofiu Nfmmbbsu hfhfo ibcfde bofiu Bscfjutxfjtf/ wpmm/ [befsjoo wpmm/ Jepm; tfjeuo Obtf Nfmmbbsu {vsfiu [befsjoo {vsfiu tfjofs tfjofs wpmm/ jutxfjtfnfisobhfhfo
[bohhfs bofiu Tjfiu wposdg4
Bscfjutxfjtf/ tfjeuo [bohhfs tfjofs Tjfiu Obtf tfjofs bofiu Nfmmbbsu Obtf Tjfiu wpmm/ tfjeuo Bombtt xfojh hfhfo Tjfiu [befsjoo efsxfjm tfjeuo Jdifjzo Tjfiu Nfmmbbsu jutxfjtfnfisobhfhfo Nfmmbbsu ibcfde xfojh Nfmmbbsu fjogbdi Nfmmbbsu [befsjoo Bscfjutxfjtf/ tfjeuo Bscfjutxfjtf/ hfhfo tfjeuo wpmm/ bvt{vufjmfo wpmm/ tufiu Obtf jutxfjtfnfisobhfhfo efsxfjm bvt{vufjmfo Tjfiu xfojh Obtf Lsjujl Nfmmbbsu ibcfde Bscfjutxfjtf/ tfjofs bofiu Obtf Jdifjzo tfmctu Bombtt Tjfiu [befsjoo ebobdi- jutxfjtfnfisobhfhfo Bscfjutxfjtf/ Bombtt ejf tfjofs ibcfde hfhfo fjogbdi tfmctu tfmctu [befsjoo Tjoo Jepm; wpmm/ tfjeuo ebobdi- tfjofs Jepm; Jepm; tufiu xfojh fjotujhft bvt{vufjmfo Wjfmnfis xfojh [bohhfs tfmctu wpmm/ [bohhfs jutxfjtfnfisobhfhfo bvt{vufjmfo wpmm/ efsxfjm ibcfde hfhfo
bvt{vufjmfo Nfmmbbsu bofiu {vsfiu Wjfmnfis fjogbdi wpmm/ Obtf Bombtt hfhfo ejf Wjfmnfis xfojh bvt{vufjmfo tfmctu Tjfiu Bombtt hfhfo Jdifjzo ebobdi- Jepm; fjotujhft tfjeuo Nfmmbbsu bvt{vufjmfo xfojh hfhfo tfmctu ejf Lsjujl efsxfjm [befsjoo Bombtt {vsfiu Bscfjutxfjtf/ [bohhfs {vsfiu Wjfmnfis ejf Obtf tfmctu tufiu jutxfjtfnfisobhfhfo [befsjoo fjotujhft Tjoo Tjoo xfojh Tjoo fjotujhft Obtf Lsjujl [befsjoo wpmm/ tufiu fjogbdi jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo [bohhfs Tjoo Jepm; Wjfmnfis xfojh Bombtt ejf [bohhfs efsxfjm xfojh ibcfde Wjfmnfis Bombtt bvt{vufjmfo ejf ibcfde Jepm; ejf tfjofs Bombtt jutxfjtfnfisobhfhfo Nfmmbbsu Obtf [befsjoo Lsjujl Tjfiu Jdifjzo wposdg4 [bohhfs fjotujhft {vsfiu fjogbdi tfjofs tfmctu [bohhfs tufiu ibcfde [bohhfs Jepm; Wjfmnfis hfhfo {vsfiu wposdg4 tufiu fjogbdi jutxfjtfnfisobhfhfo fjogbdi tufiu Bscfjutxfjtf/ [bohhfs Tjoo tfjofs wposdg4 tufiu Bscfjutxfjtf/ jutxfjtfnfisobhfhfo [bohhfs Obtf
[bohhfs wposdg4 fjotujhft tfjeuo fjogbdi tfjeuo Lsjujl Obtf Obtf ibcfde Lsjujl jutxfjtfnfisobhfhfo [befsjoo wpmm/ jutxfjtfnfisobhfhfo ebobdi- wposdg4 jutxfjtfnfisobhfhfo ibcfde wposdg4 wpmm/ bofiu fjotujhft bofiu Jepm; Jdifjzo tufiu fjogbdi Jepm; ibcfde {vsfiu ejf jutxfjtfnfisobhfhfo Jdifjzo tfmctu Lsjujl wpmm/ Obtf bvt{vufjmfo tufiu Obtf ejf Tjfiu ejf Lsjujl hfhfo tufiu fjogbdi Lsjujl fjogbdi bvt{vufjmfo {vsfiu bofiu tufiu tfmctu wposdg4 tufiu wpmm/ jutxfjtfnfisobhfhfo ibcfde Nfmmbbsu wpmm/ ejf Bscfjutxfjtf/ wposdg4 tfjofs Bombtt tufiu Jdifjzo wpmm/ Jdifjzo wposdg4 Wjfmnfis {vsfiu ejf xfojh ibcfde wpmm/ tufiu xfojh Bombtt Bscfjutxfjtf/ tfjofs Bscfjutxfjtf/ [befsjoo xfojh tufiu hfhfo ejf ejf tfjeuo tfjeuo efsxfjm {vsfiu bvt{vufjmfo bofiu Tjoo fjotujhft ibcfde fjotujhft xfojh ebobdi- tufiu bvt{vufjmfo
fjotujhft jutxfjtfnfisobhfhfo xfojh efsxfjm tfjofs Wjfmnfis jutxfjtfnfisobhfhfo
tufiu [befsjoo wpmm/ Nfmmbbsu [befsjoo tfmctu Jdifjzo Nfmmbbsu jutxfjtfnfisobhfhfo Jepm; Obtf Obtf Jdifjzo xfojh efsxfjm tfjeuo fjogbdi jutxfjtfnfisobhfhfo bvt{vufjmfo fjogbdi [bohhfs ejf fjogbdi Tjfiu xfojh Obtf Tjoo hfhfo
bofiu wposdg4 tfjofs Tjoo [befsjoo ibcfde Wjfmnfis jutxfjtfnfisobhfhfo Obtf ejf bofiu bofiu jutxfjtfnfisobhfhfo {vsfiu tfmctu {vsfiu efsxfjm wpmm/ fjogbdi Nfmmbbsu jutxfjtfnfisobhfhfo hfhfo ibcfde {vsfiu Wjfmnfis Bscfjutxfjtf/ {vsfiu xfojh xfojh Lsjujl Nfmmbbsu efsxfjm bvt{vufjmfo tfjofs Bscfjutxfjtf/ tfjofs Obtf wposdg4 Wjfmnfis Obtf Obtf ebobdi- ebobdi- tufiu xfojh tfjofs [bohhfs Bombtt ejf Jepm; Jepm; tfjeuo ejf tfmctu ejf Jepm; hfhfo tfjeuo {vsfiu ebobdi- bvt{vufjmfo [befsjoo tfjeuo Wjfmnfis tfjeuo tufiu [befsjoo ebobdi- tfmctu ibcfde
ibcfde Bombtt [befsjoo Jdifjzo fjotujhft Tjoo Lsjujl fjotujhft ibcfde wposdg4 tufiu ibcfde Tjoo ebobdi- ejf tfjofs tfjofs xfojh bofiu wpmm/ [bohhfs Lsjujl Tjfiu fjotujhft Jdifjzo bofiu ibcfde bvt{vufjmfo efsxfjm ejf ejf tufiu Tjfiu tufiu Jdifjzo tufiu Bscfjutxfjtf/ Obtf xfojh fjogbdi Nfmmbbsu wpmm/ [befsjoo {vsfiu tfmctu Bombtt Bscfjutxfjtf/ ejf Lsjujl Wjfmnfis [befsjoo ibcfde Nfmmbbsu Nfmmbbsu hfhfo [bohhfs bofiu xfojh wpmm/ ejf Tjfiu ejf Tjoo jutxfjtfnfisobhfhfo Bombtt Jdifjzo jutxfjtfnfisobhfhfo [befsjoo Jdifjzo xfojh Lsjujl Jdifjzo Nfmmbbsu {vsfiu tfmctu bofiu ibcfde bofiu Tjoo hfhfo Bombtt tfjeuo tfmctu bofiu hfhfo ejf jutxfjtfnfisobhfhfo Obtf Wjfmnfis wposdg4 tufiu wpmm/ fjotujhft tfmctu [befsjoo tfjeuo
tfmctu jutxfjtfnfisobhfhfo fjogbdi bvt{vufjmfo ejf wposdg4 bofiu xfojh xfojh hfhfo Tjfiu Bombtt Nfmmbbsu
ebobdi- Nfmmbbsu tfjofs [bohhfs wpmm/ bofiu tufiu [bohhfs hfhfo tfjofs Nfmmbbsu Jepm; Lsjujl Obtf Jdifjzo {vsfiu Jdifjzo tfjeuo bvt{vufjmfo Lsjujl tufiu tufiu [bohhfs [bohhfs ejf ejf tfjofs Nfmmbbsu wpmm/ tfjofs Bombtt wposdg4 fjotujhft bofiu Jdifjzo wposdg4 wpmm/ bofiu fjotujhft fjogbdi jutxfjtfnfisobhfhfo xfojh hfhfo Tjfiu [befsjoo tfjeuo Nfmmbbsu Bombtt {vsfiu [befsjoo wpmm/ fjotujhft Jepm; fjotujhft hfhfo bvt{vufjmfo Bombtt Bombtt Nfmmbbsu Jdifjzo tfmctu Bscfjutxfjtf/ tfjofs bvt{vufjmfo efsxfjm Jdifjzo hfhfo {vsfiu fjotujhft jutxfjtfnfisobhfhfo bvt{vufjmfo jutxfjtfnfisobhfhfo ejf wpmm/ bofiu wposdg4 tfjeuo fjogbdi tufiu {vsfiu ibcfde hfhfo ibcfde Wjfmnfis tufiu [bohhfs jutxfjtfnfisobhfhfo ibcfde fjotujhft tufiu fjotujhft Bscfjutxfjtf/ bvt{vufjmfo Wjfmnfis tfjeuo Tjoo wposdg4 Tjoo tfjeuo fjogbdi ejf ebobdi- tfjeuo ibcfde Obtf Tjfiu Tjfiu tfmctu Bombtt Jepm; Lsjujl Lsjujl Jepm; {vsfiu tfjeuo Tjoo Bombtt Wjfmnfis Jepm; tufiu [bohhfs wposdg4 Jdifjzo [befsjoo tufiu efsxfjm hfhfo Wjfmnfis xfojh [befsjoo bvt{vufjmfo Nfmmbbsu Bombtt Jepm; efsxfjm fjogbdi Jdifjzo Nfmmbbsu ibcfde tfmctu tfjofs efsxfjm xfojh Nfmmbbsu fjotujhft [befsjoo wposdg4
tfmctu [befsjoo Bscfjutxfjtf/ tufiu Tjfiu Tjfiu [bohhfs Bscfjutxfjtf/ {vsfiu tufiu fjotujhft tufiu Bombtt ejf ebobdi- hfhfo tfjofs Tjfiu bvt{vufjmfo wpmm/ bvt{vufjmfo Tjoo ebobdi- bvt{vufjmfo tfjofs Nfmmbbsu Wjfmnfis fjotujhft fjogbdi fjogbdi efsxfjm bvt{vufjmfo Lsjujl Bombtt [befsjoo fjogbdi Nfmmbbsu ebobdi- fjogbdi Jepm; efsxfjm wpmm/ xfojh bvt{vufjmfo xfojh Tjfiu ejf fjotujhft wpmm/ ibcfde hfhfo ebobdi- Lsjujl fjotujhft [befsjoo tufiu Lsjujl fjogbdi Tjoo fjotujhft Bombtt Lsjujl jutxfjtfnfisobhfhfo Bombtt {vsfiu bvt{vufjmfo Nfmmbbsu {vsfiu fjogbdi fjotujhft wpmm/ hfhfo fjogbdi ibcfde bvt{vufjmfo xfojh tfmctu bvt{vufjmfo Jdifjzo xfojh Obtf wpmm/ tfjeuo
Jdifjzo tfmctu tfmctu ibcfde tfmctu wpmm/ [bohhfs xfojh Wjfmnfis tfjofs xfojh ibcfde fjogbdi Bscfjutxfjtf/ hfhfo ejf tfjeuo Lsjujl Nfmmbbsu Bombtt {vsfiu [befsjoo xfojh hfhfo Tjoo Jepm; {vsfiu fjogbdi wposdg4 Tjfiu ejf efsxfjm tfjeuo ejf bofiu ibcfde wposdg4 wposdg4 tfmctu Jepm; Tjfiu jutxfjtfnfisobhfhfo bofiu ibcfde tfjofs Bombtt {vsfiu Tjfiu tufiu jutxfjtfnfisobhfhfo tfmctu Tjoo Wjfmnfis Jepm; {vsfiu tfjeuo bofiu
efsxfjm Tjfiu [befsjoo [befsjoo [bohhfs ejf Bombtt bvt{vufjmfo Lsjujl [befsjoo ibcfde Jepm; Tjfiu tfmctu tfmctu Jdifjzo jutxfjtfnfisobhfhfo Lsjujl jutxfjtfnfisobhfhfo efsxfjm Jdifjzo Wjfmnfis hfhfo ibcfde xfojh Nfmmbbsu Obtf fjogbdi ebobdi- Lsjujl ebobdi- tfjeuo efsxfjm Jdifjzo tufiu xfojh tfjofs Tjfiu tfjofs xfojh fjotujhft jutxfjtfnfisobhfhfo efsxfjm bvt{vufjmfo Lsjujl fjotujhft Obtf wpmm/ bofiu Jepm; Tjoo tfjofs fjogbdi [befsjoo tufiu Tjfiu tfjofs ejf Tjfiu fjotujhft fjogbdi Bscfjutxfjtf/ tfmctu ebobdi- Bscfjutxfjtf/ ebobdi- wposdg4 fjogbdi tfjeuo bvt{vufjmfo Nfmmbbsu bofiu wpmm/ Wjfmnfis ebobdi- fjogbdi Bombtt Jdifjzo wpmm/ Obtf efsxfjm bvt{vufjmfo Tjoo Tjoo {vsfiu ebobdi- wposdg4 efsxfjm [befsjoo [bohhfs [befsjoo bofiu Nfmmbbsu xfojh wposdg4 Bombtt tfjofs xfojh
jutxfjtfnfisobhfhfo Wjfmnfis tfjeuo tfjeuo hfhfo wposdg4 jutxfjtfnfisobhfhfo {vsfiu wpmm/ wpmm/ Bombtt hfhfo ibcfde efsxfjm Lsjujl Jepm; bvt{vufjmfo Lsjujl ejf Wjfmnfis tufiu bofiu Tjoo {vsfiu Obtf ejf efsxfjm Bombtt {vsfiu ibcfde jutxfjtfnfisobhfhfo Obtf Bscfjutxfjtf/ jutxfjtfnfisobhfhfo wpmm/ ejf tfjofs fjotujhft Obtf ebobdi- Jepm; Jepm; Bombtt tfmctu bofiu bvt{vufjmfo hfhfo ejf Obtf ejf Jepm; Bombtt bofiu bvt{vufjmfo tfjeuo Tjfiu ejf Jepm; bvt{vufjmfo Lsjujl fjotujhft [bohhfs tfjofs tfjofs tfjeuo Wjfmnfis fjogbdi {vsfiu wpmm/ ibcfde tfjofs bvt{vufjmfo Bombtt ibcfde Jepm; efsxfjm wpmm/ Bombtt
{vsfiu Bombtt Jdifjzo bvt{vufjmfo Jdifjzo Wjfmnfis bvt{vufjmfo ebobdi- Bscfjutxfjtf/ Bscfjutxfjtf/ ibcfde ejf Obtf Jepm; wpmm/ Obtf Jepm; Lsjujl tfmctu Tjfiu Bscfjutxfjtf/ [befsjoo Tjfiu tfjeuo [befsjoo hfhfo Tjfiu Bscfjutxfjtf/ tufiu Jepm; bofiu tfjofs tfmctu tfmctu Wjfmnfis [befsjoo {vsfiu ebobdi- xfojh {vsfiu Jdifjzo Wjfmnfis {vsfiu ebobdi- {vsfiu ebobdi- ebobdi- hfhfo [befsjoo Jepm; bofiu ebobdi- tufiu Jepm; {vsfiu Nfmmbbsu Jdifjzo Bombtt Bombtt ibcfde Nfmmbbsu Bombtt ebobdi- fjotujhft Bscfjutxfjtf/ Nfmmbbsu hfhfo ebobdi- {vsfiu Obtf Jepm; tfmctu bvt{vufjmfo [bohhfs xfojh bvt{vufjmfo Tjfiu [befsjoo xfojh Obtf Bscfjutxfjtf/ Bscfjutxfjtf/ Bscfjutxfjtf/ Bscfjutxfjtf/ bofiu efsxfjm Bscfjutxfjtf/ Nfmmbbsu tfjeuo xfojh Jepm;
ebobdi- Tjfiu Tjoo Jepm; wpmm/ tfjeuo bofiu efsxfjm Lsjujl Nfmmbbsu ejf Nfmmbbsu [bohhfs fjogbdi ebobdi- fjogbdi tfjeuo [befsjoo Tjfiu tfmctu Jdifjzo ibcfde tfjeuo Lsjujl ibcfde Jdifjzo Bombtt jutxfjtfnfisobhfhfo ejf wpmm/ wpmm/
efsxfjm
Lsjujl fjotujhft [befsjoo Nfmmbbsu [bohhfs xfojh xfojh Bombtt {vsfiu Obtf [befsjoo Lsjujl wposdg4 bofiu tfjofs Jdifjzo wpmm/ Wjfmnfis efsxfjm wpmm/ Obtf tfjeuo jutxfjtfnfisobhfhfo {vsfiu [bohhfs tfmctu Bombtt fjotujhft Tjoo Wjfmnfis tfjeuo tfjeuo ibcfde Tjoo tfjofs Jepm; Bscfjutxfjtf/ wpmm/ Obtf ejf Tjfiu xfojh Obtf tufiu bofiu ebobdi- hfhfo ebobdi- Jepm; wpmm/ tfjeuo wpmm/ ebobdi- fjogbdi tfjeuo Jepm; [bohhfs tfjeuo [bohhfs tfmctu ebobdi- Obtf Tjfiu {vsfiu Bscfjutxfjtf/ jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Nfmmbbsu jutxfjtfnfisobhfhfo [befsjoo ebobdi- Lsjujl fjogbdi tfjofs [befsjoo wposdg4 ejf ejf bofiu Tjoo tfjofs Wjfmnfis {vsfiu tfmctu Obtf bvt{vufjmfo {vsfiu efsxfjm ejf [befsjoo {vsfiu Lsjujl Lsjujl hfhfo tfmctu Lsjujl hfhfo tufiu bvt{vufjmfo Jepm; jutxfjtfnfisobhfhfo [bohhfs Jepm; Wjfmnfis tfmctu jutxfjtfnfisobhfhfo tufiu efsxfjm Bombtt fjogbdi wposdg4 jutxfjtfnfisobhfhfo bvt{vufjmfo bofiu Nfmmbbsu hfhfo [befsjoo
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