The Ministry of Economy and Tourism will “promote granting of UAE citizenship” to existing and new companies to be established in the country, the Ministry of Economy and Tourism said on Tuesday.
This decision is taken to conslidate identity and economic reputation, support national brands and facilitate acess to market for the UAE-based companies, owned by local and foreigners.
Under this framework, companies will gain certain privileges by registering and establishing in the UAE and benefit from initiatives like the Comprehensive Economic Partnership Agreement that the Emirates has signed with other countries, as well as ease of doing business and access to global markets from the UAE.
“There are a lot of those kinds of aspects and incentives for UAE companies. It's not just in the UAE, but the advantages are global. If you open a company in Germany, you're a German company. If you own a company in the UK, you're a UK company. Same here. If you open a company here, you're a UAE company. That's the kind of methodology behind granting UAE citizenship to companies,” said Abdulla bin Touq Al Marri, Minister of Economy and Tourism.
