UAE Company Formation / Licensing LawCabinet Resolution No. (35) of 2016 Regarding the Executive Regulations of Federal Law No. (2) of 2014 Regarding Small and Medium-Sized Enterprises

Article (1) Definitions For the purposes of this Resolution, the following words and phrases bear the meanings ascribed to each, unless the context requires otherwise: State : The United Arab Emirates. Ministry : The Ministry of Economy. Minister : The Minister of Economy. Law : Federal Law No. (2) of 2014 Concerning Small and Medium-Sized Enterprises. SMEs : : Any sole proprietorship engaged in an economic activity, and of small, medium, or micro size. Council : The Council of Small and Medium-Sized Enterprises. Program : The National Program for Small and Medium-Sized Enterprises.

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Cabinet Resolution of 2016 Regarding the Executive Regulations of Federal Law of 2014 Regarding Small and Medium Enterprises 2 =Article (2) Participation in International Fairs For the purposes of allocating an adequate space for owners of the SMEs that are members of the Program to showcase the national products in international fairs in which the State participates, the following conditions shall be met: 1. A proof that these SMEs are wholly owned by nationals of the State shall be provided; 2. The owner of the SME registered as a member of the local funds, associations or programs concerned with SMEs, or any other entity approved by the Council, shall obtain a letter of nomination to participate in the fair; 3. The SME shall have engaged in its business for at least six months; 4. Any other conditions as prescribed by the Council.

Article (3) Provision of Information on International Fairs The necessary information on foreign markets shall be provided to the owners of SMEs that are members of the Program according to the following: 1. Every Ministry, Departments of Economic Development, Chambers of Commerce and Industry in the State, and funds and institutions concerned with local SMEs shall make available the information referred to in this Article. 2. The Ministry shall submit the recommendations and periodical reports on foreign markets as well as the necessary information to the Council to create a database of SMEs in coordination and partnership with concerned entities. 3. The Ministry shall take the necessary measures to circulate the information mentioned in Paragraph (2) of this Article to owners of the concerned SMEs. 4. The Council and competent entities, including the Ministry, shall always put in place the advanced technology to make available the necessary information on foreign markets for owners of the SMEs.

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Cabinet Resolution of 2016 Regarding the Executive Regulations of Federal Law of 2014 Regarding Small and Medium Enterprises 3

Article (6) The additional facilities granted to inventors and patent proprietors in the State include: 1. The priority to receive the facilities and incentives stipulated in the Law; 2. The priority to receive financial facilities to complete the research and development stages towards innovation and invention, to serve the commercial marketing as defined by the Council; 3. Invitation to participate in training and research programs in which the concerned entities participate outside the State in order to acquire the skills, expertise and best practices necessary for their work; 4. The priority to participate in the local fairs organized by the relevant entities concerned with innovation and invention.

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Cabinet Resolution of 2016 Regarding the Executive Regulations of Federal Law of 2014 Regarding Small and Medium Enterprises 4