UAE Foreign Direct Investment LawCabinet Resolution No. (55) of 2021 Determining the List of Activities with a Strategic Impact

Article (1) Definitions In implementing the provisions of this Resolution, 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 req…

Article (2) List of Activities with a Strategic Impact 1. The list of activities with a strategic impact and the controls for licensing companies that engage in any of these activities shall be determined as shown in the following table: # Activity Regulatory Authority Conditions & Controls 1 Security and Defense Activities and Activities of Military nature Ministry of Defense and Ministry of Interior Subject to the approval and requirements of the Ministry of Defense or Ministry of Interior – each in its own field – in terms of: a. Determining the percentage of national participation and/or percentage of the foreign investor’s participation in the capital. b. Determining the percentage of n…

Article (3) Procedures to Approve the Licensing of Companies that Engage in Any of the Activities with a Strategic Impact 1. A foreign investor – who wishes to engage in an activity with a strategic impact in accordance with clause (1) of article (2) of this resolution – shall submit the license application to the competent authority in accordance with the controls and conditions stipulated in federal and local legislation related to the activity. 2. The competent authority shall submit the application to the regulatory authority within a timeframe that doesn’t exceed (5) working days from the date of receiving an application meeting the requirements in accordance with the provisions of clau…

Article (4) Amending Ownership in Activities with a Strategic Impact Companies, licensed in any of the activities with a strategic impact, shall abide by all the applicable legislation in the State.

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Cabinet Resolution of 2021 Determining the List of Activities with a Strategic Impact 6

Article (5) Reports The competent authority shall submit to the committee, periodically and every three months, a report of the licensed projects with a strategic impact and any amendments that may occur in terms of ownership or shareholders.

Article (6) Publication and Enforcement This Resolution shall be published in the official gazette and shall come into force as of 01/06/2021. Mohammed bin Rashid Al-Maktoum Prime Minister Issued by us, On: 18 Shawwal 1442 A.H. Corresponding: 30 May 2021 AD

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