The Cabinet,
- Having reviewed the Constitution; and
- Federal Law No. 1 of 1972, Concerning the competences of ministries and capacities of ministers and its amendments thereof; and
- Federal Law No. 2 of 2015, concerning Commercial Companies and its amendments thereof; and
- Based upon the Minister of Economy’s proposal and the Cabinet’s approval,
Decided:
In implementing the provisions of this Decision, the following words and phrases shall have the meaning assigned to each of them, unless the context requires otherwise:
State: United Arab Emirates.
Competent Authority: The authority competent for companies’ affairs at the concerned emirate.
Regulatory Authority: The federal authority concerned with regulating the activity with a strategic impact.
Committee: The Committee of Activities with a strategic impact.
List of Activities with a strategic Impact: The list that includes the activities subject to the necessary controls for licensing companies that engage in any of these activities in accordance with the requirements and conditions of the...