Upon MBT Minister’s approval, a foreign Investor can have up to 100% ownership in the following business sectors:
• Developing and exploitation of natural resources, energy and mining
• Consulting services
• Technical services
• IT services
• Cultural services
• Sport services
• Entertainment services
• Distribution services
Initially check activities to make sure that the Business activity is allowed for foreign Investors.
Check the activity list
1- Apply : Foreign Investors wishing to have more than 49% ownership should apply to the Investment Promotion Department (IPD) and can discuss the Applicant’s proposed business Activities and answer any questions that the applicant may have in relation to the Application process.
• Following that, a Business Case should be submitted using the business template to IPD along with the application form.
• A template for the Business case can be retrieved from MBT’s website.
Business Case outline:
• Application Form
• Business Plan
• Supporting documents
* Government Agencies (if applicable):
In parallel with preparing Business Case, approval should also be granted by the Regulated Authority (Government Agency) of the Applicant to conduct Regulated business
The completed Business Case along with the government agencies' approvals should be submitted to the IPD. IPD may contact the Foreign Investor for additional information, if required.
2- Evaluation and Approval: The suitability of the Foreign Investor will be assessed by the Ministry’s evaluation and approval authority. Once the approval is granted the investor will start the Company Registration process.