Promote Foreign Direct investment in the Federal Companies Law No. (32) of 2021 AD
DOI:
https://doi.org/10.35246/xk4pqy07Keywords:
Promoting Foreign investment, the Importance of investment, investment incentives, Legislative incentives, Foreign investment GuaranteesAbstract
UAE "is one of the countries seeking to attract foreign direct investment" by modernizing of its legal and physical infrastructure. Additionally, it pushed the private sector to form partnerships with foreign companies, particularly multinational companies, and it signed numerous bilateral and group agreements with numerous countries and trading partners. the passing of Federal Law No. 34 of 2021 AD, which dealt with commercial countries, gave numerous incentives and guarantees "to increase the flow of foreign direct investment into the" UAE.
By studying the investment climate in the UAE, and the adequacy of incentives and legislative guarantees that it provides for foreign direct investment, the study aimed to determine the adequacy of incentives and guarantees for foreign direct investment in UAE.
"the study came to a number of conclusions", most notably, that incentives and guarantees, "by creating an environment that is conducive to" investing and enacting regulations that are both encouraging and alluring, are the key to safety and confidence for investors.
the study concluded with several recommendations, including: reinstatement of "the investment law and" removing "the obstacles represented by the current law, the most important of which are granting incentives, privileges and facilities", and "working according to the concept of" a "single window. the "establishment of specialized courts to handle disputes related to cases and the speed of separation of adversaries, and that the rulings of these courts are enforceable and not subject to appeal.
Downloads
References
Books:
I. Ahmed Jamal Al-Din, Expropriation of Property in the Rulings of Sharia and Legal Texts, Modern Library, 1996.
II. Ahmed Saeed Sharaf, Guide to the Preparation of investment Legislation, Arab investment Guarantee Corporation, 1981.
III. Bilal Boujemaa, Analysis of the Reality and Prospects of Foreign Direct investments under the Euro-Mediterranean Partnership Agreement, Algeria Case Study, Abi Bakr Belkaid University, 2013.
IV. Hassan Kharboush, Abdel Muti Reda, investment and Finance between theory and Practice, Zahran Publishing House, 1999.
V. Hamdi Pasha Omar, Transfer of Real Estate Ownership in Algerian Legislation, Dar Al Uloom, 2000.
VI. Duraid Mahmoud Al-Samarrai, Foreign investment, Obstacles and Legal Guarantees, Center for Arab Unity Studies, 2006.
VII. Ramadan Ali Abdel Karim Desouky Amer, Legal Protection for Foreign Direct investments and the Role of Arbitration in Settlement of Disputes Related to them, National Center for Legal Publications, 2011.
VIII. Salih Abd al-Zahra al-Hassoun, the Rights of Foreigners in Iraqi Law, New Horizons House, 1981.
IX. Safwat Ahmed Abdel Hafeez, the Role of Foreign investment in the Development of the Provisions of Private international Law, University Press, 2006.
X. Tarek Nouri, Evaluation of the Quality of Foreign Direct investment Statistics, investment and Finance Conference, 2006.
XI. Abd al-Razzaq Ahmad al-Sanhouri, the Mediator in Explaining the New Civil Law, the Right to Ownership, p. 3, Al-Halabi Human Rights Publications, 2005.
XII. Abdel Salam Abu Qahf, Different Policies for Foreign investment. University Youth Foundation, 1989.
XIII. Abdel Salam Abu Qahf, theories of internationalization and the Feasibility of Foreign investments, University Youth Foundation, 1989.
XIV. Abdul Salam Ghumaid, Definition of Joint investment Projects, Publications of the College of Accountancy, 1993.
XV. Omar Saadallah, introduction to international Human Rights Law, University Payments Bureau, 1993.
XVI. Faisal Habib Hafez, the Role of Direct investment in the Development of the Economy of the Kingdom of Saudi Arabia, Dar Al-Mandumah for Printing and Publishing, 2005.
XVII. Kazem Ahmed Al-Battat, Kazem Saad Al-Araji, Saadia Hilal Al-Tamimi, the investment environment and its role in stimulating foreign direct investment and economic growth, Dar Al-Ayyam for publication and distribution, 2016.
XVIII. Mohamed El-Sayed Saeed, Transnational Corporations, National Council for Culture, Arts and Letters, 1983.
XIX. Muhammad Salih al-Quraishi, international Finance, Al-Warraq for Publishing and Distribution, 2008.
XX. Muhammed Muhammed Ahmed Swilam, Foreign investments in the Real Estate Field, A Comparative Study between Law and Islamic Jurisprudence, Manshaat Al Maarif, 2009.
XXI. Mustafa Abdullah Al-Kafiri, Economic Reform and Human Development in the Syrian Arab Republic, according to the governorates for the year 2002, an analytical study, Publications of the Arab Writers Union, 2004.
XXII. Nabil Hashad, GATT and the World Trade Organization, University Thought House, 1998.
XXIII. Nabila Abdel-Rahim Kamel, the Role of the Administrative Judiciary in Supervising the Conditions of Public Benefit in the Case of Expropriation, Dar Al-Nahda Al-Arabiya, 1993.
XXIV. Hisham Khaled, investment guarantee contract, the law applicable to it and the settlement of disputes that may arise over it, Dar Al-Fikr Al-Jamei, 2008.
XXV. Hisham Ali Sadek, international Protection of Public Funds, University House for Printing and Publishing, 2002.
University theses:
XXVI. Anro Badr Munif Al-Ghanzi, the Legal System for Foreign Direct investment, “A Study in Kuwaiti investment Law No. (8) of 2001 AD, Master thesis, Faculty of Law, Middle East University, 2012.
XXVII. Safwat Mohamed Abdel Hafeez, the Role of Foreign investment in Developing the Provisions of Private international Law, Ph.D. thesis, Faculty of Law, Ain Shams University, 2016.
XXVIII. Qutayba Muhammad Salih, Foreign Direct investment and its Role in the Chinese Economy, Master thesis, College of Administration and Economics, University of Baghdad, 2005.
XXIX. Nawara Hussein, Royal Legal Protection for Foreign investors in Algeria, Ph.D. thesis, Faculty of Law, Mouloud Mamari University, 2013
Scientific articles:
XXX. Ibrahim bin Salama, Foreign Private investment in the Kingdom: the Experience of SABIC, research submitted to the Seminar on Foreign Private investment in the Kingdom, Ministry of Foreign Affairs, 1418.
XXXI. Ahmed Zagdar, Foreign Direct investment as a Form of Supporting Strategic Alliances to Confront Competition, Researcher Magazine, Volume 3, Issue 3, 2005.
XXXII. General Secretariat of the Federation of Gulf Arab Chambers, the role of multinational companies in economic development. King Fahd National Library, 1409-1989.
XXXIII. Basil Bustani, the Political Economy of Poverty: the international Dimension, a working paper presented to an expert group meeting on improving living standards in the countries of the Arab East, the Economic Commission for Western Asma Asko 1999, 1997.
XXXIV. Burhan Dajani, the Arab Economy between the Past and the Future. Union of Arab Chambers, 1990.
XXXV. Paul Hirst, Graham Paul, What is globalization: the global economy and the potential for governance. World of Knowledge Series, international Council for Culture, Arts and Literature, Issue 273, 2001.
XXXVI. Hatem Al-Qarnshawi, Arab Experiences in Attracting Foreign Direct investment, investment and Finance Conference, 2006.
XXXVII. Hussein Abdel-Muttalib Al-Asraj, Policies for the Development of Foreign Direct investment to the Arab Countries, industrial Bank of Kuwait Letters, No. 83, 2005.
XXXVIII. Khaled Mohammed Al-Juma, Termination of the Host Country for investment, “the investment Agreement with the Foreign investor,” Methods. Legality, Conditions, Journal of Rights, Issue (3), 1999.
XXXIX. Khalil Muhammad Khalil, Direction and Development, Modern Egypt Magazine, issues July-October, 1994.
XL. Rashid Al-Enezi, Rules of Transaction in the international Agreements Regulating investment, a research submitted to the Seminar on Private Foreign investment in the Kingdom. Ministry of Foreign Affairs, 1418.
XLI. Ramadan Al-Sharrah, the Role of Foreign investments in the Shadow of Multinational Companies in Achieving Development Goals, Kuwait Economic Journal, Kuwait University, Issue 14, Year 7, 2003.
XLII. xii. Sahli Jamila, Mujahid Sayed Ahmed, Foreign Direct investment and its Impact on Economic Growth in Algeria, Journal of Economy and Environment, Volume 4, Issue 2, October 2021.
XLIII. Abdullah Al-Salamah, Foreign Direct investment and Developing Countries, research submitted to the Foreign investment Symposium in the Kingdom, Ministry of Foreign Affairs, 1418.
XLIV. Ali Abdel Qader Ali, Determinants of Foreign Direct investment, Arab Planning institute, Vol. 3, No. 34, 2004.
XLV. Chamber of Commerce in the Eastern Province, available incentives for foreign industrial investments in the Kingdom, Arab and Asian countries, research submitted to the Foreign investment Symposium in the Kingdom, Ministry of Foreign Affairs, 1418.
XLVI. Mazen Al-Sheikh Rad, a group of lectures given to PhD students in the field of development. Department of Economics. University of Kufa, 2014.
XLVII. Mohammed Saeed Amira, the Economy of the United Arab Emirates, Achievements and Future Aspirations, Journal of Economic Cooperation between Islamic Countries, 2002.
XLVIII. Matar Mahmoud Hussein, A Proposed Model for Attracting Foreign investments, Journal of Social Sciences, Issue 759, 1989.
XLIX. UAE Ministry of Finance website. www.mof.gove.ae Date of visit 12-3-2022.
L. Hail Ajami Jamil, Private Foreign Direct investment in Developing Countries, Emirates Center for Economic Studies and Research, Issue 32, 1999.
Foreign references:
LI. i.Alasrag Hussien, Foreign direct development policies in the arab countries, MPRA, Paper No. 2230, posted 07. November, 2007, Available at: http://mpra.ub.uni-muenchen.de/2230/.Last visited: 12-3-2022.
LII. ii.EOCD, Third edition of the Derailed Benchmark of Foreign Direct investment. Paris, 1999.
LIII. iii.H. Zhu, L. Duan, Guo, Y. K. Yu, 2016, the Effects of FDI: Economic Growth and Foreign Consumption, Economic Modelling: Elsevier, Vol. 58.
LIV. iv.Hermes, Niels, Lensink, Robert, Foreign Direct investment, Financila Development and Economic Growth. published online on 4th June, 2010.
LV. v.K. S.Vataliya, Vataliya Bhanuben, N. parmar, Foreign Capital and Foreign investment, Gujarat, india, vol. 1. Issue 3, 2013.
LVI. vi.Maitena De Espana Duce, Definition of Foreign Direct investment FDI. A Methodological Note, Final draft, Banco 2003.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution 4.0 International License.
Copyright and Licensing:
For all articles published in Journal of Legal Sciences, copyright is retained by the authors. Articles are licensed under an open access Creative Commons CC BY 4.0 license, meaning that anyone may download and read the paper for free. In addition, the article may be reused and quoted provided that the original published version is cited. These conditions allow for maximum use and exposure of the work.
Reproducing Published Material from other Publishers: It is absolutely essential that authors obtain permission to reproduce any published material (figures, schemes, tables or any extract of a text) which does not fall into the public domain, or for which they do not hold the copyright. Permission should be requested by the authors from the copyrightholder (usually the Publisher, please refer to the imprint of the individual publications to identify the copyrightholder).
Permission is required for: Your own works published by other Publishers and for which you did not retain copyright.
Substantial extracts from anyones' works or a series of works.
Use of Tables, Graphs, Charts, Schemes and Artworks if they are unaltered or slightly modified.
Photographs for which you do not hold copyright.
Permission is not required for: Reconstruction of your own table with data already published elsewhere. Please notice that in this case you must cite the source of the data in the form of either "Data from..." or "Adapted from...".
Reasonably short quotes are considered fair use and therefore do not require permission.
Graphs, Charts, Schemes and Artworks that are completely redrawn by the authors and significantly changed beyond recognition do not require permission.
Obtaining Permission
In order to avoid unnecessary delays in the publication process, you should start obtaining permissions as early as possible. If in any doubt about the copyright, apply for permission. Journal of Legal Sciences cannot publish material from other publications without permission.
The copyright holder may give you instructions on the form of acknowledgement to be followed; otherwise follow the style: "Reproduced with permission from [author], [book/journal title]; published by [publisher], [year].' at the end of the caption of the Table, Figure or Scheme.
