1.1 The practice of the below activities is subject to obtaining the appropriate license from the Authority and the required approval(s), if any, from the Relevant Authority(ies).
1.2 License categories are divided into segments and each segment has a number of activities and specialties.
1.3 The Authority will not allow any Commercial Entity (FZ LLC) to transfer shares in the first year of incorporation, if such transfer of shares involves the change of activities to a different segment.
2.1 Only one activity will be licensed from one segment of activities, unless a licensee (Humanitarian Organization or Commercial Entity) is specifically authorized to conduct more than one activity from the same segment. Addition of an activity is subject to the Authority’s approval.
2.2 In case the licensee (Humanitarian Organization or Commercial Entity) opts to add other activity(ies) from another segment, licensee need to pay additional fees as per the Authority’s list of tariffs. This will be subject to the approval of the Authority and/or Re...