Article (2)
Conditions and Controls Required for a Public Joint-Stock Company to Practice
Commercial Agencies
In order to practice commercial agencies, a public joint-stock company shall meet the following
conditions and controls:
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Cabinet Resolution of 2023 Concerning the Procedures, Controls, and Conditions Required for Public Joint Stock
Companies to Practice Commercial Agency Activities
2
1. The shareholding of UAE citizens shall not be less than (51%) of its capital.
2. The legal form of the public joint-stock company shall be kept throughout the period during
which it practices commercial agencies.
3. Its activity and the purpose for which it has been established shall be the practice of
commercial agencies.
4. It shall practice commercial agencies by itself.
5. The nature, objectives and activity of the public joint-stock company are related to the nature
and objectives of the commercial agency contract.
6. A public joint-stock company may register more than one commercial agency contract
concluded with more than one commercial agent as long as the nature of such commercial
contracts is consistent with the nature, objectives and activities of the public joint-stock
company.
7. The necessary conditions and requirements for registration in the commercial agencies
register at the Ministry shall be met.
8. The necessary conditions and requirements imposed by the competent authorities and any
official authority in the State, including the Securities and Commodities Authority, shall be
met, whenever this is necessary due to the nature of the commodity or service, the subject-
matter of the commercial agency or company contract.
9. The Ministry shall be provided with the information it needs.
10. The Ministry shall be promptly notified of any change made to any of the conditions and
controls referred to in this Article, as well as any change that may affect the company.
