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Article 1
Article (1) Definitions In application of the provisions herein, the following words and expressions shall have the meanings ascribed thereto, unless the context otherwise requires: State: United Arab Emirates. Government: Federal Government of the State. Local Government: Government of any of the Emirates that are members of the Union. Cabinet: Cabinet of the State. Ministry: Ministry of Finance. Minister: Minister of Finance. Federal Agencies: Means any of the following Federal Agencies: 1. Ministries and central bodies: The Ministries established
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Federal Decree by Law No. (35) of 2023 concerning the Union Owned Properties 2 under Federal Law No. (1) of 1972 concerning the Competences of Ministries and the Powers of Ministers, as amended and the councils, bodies and the like that engaged in the legislative and judicial and executive federal activities. 2. Independent Federal Agencies: The Federal Agencies that are either established or shall be established in accordance with the legislation in effect in the State, to perform specific public tasks or services, and that operate under the supervision of the Government, which: A. The independent legal personality and the capacity to act, prepare, organise and implement its special budget, is granted either by law or by the incorporation resolution. B. Have a special administrative and organisational structure. C. Non-Profit. 3. Government Companies: Establishments and companies owned, wholly or partially, (Subsidiaries) by the Federal Government or Federal Agencies. Union Owned Properties: Union Owned Properties described in Article (4) and Clause (1) of Article (15) herein. Property Assets Register: A Register established by the Ministry that contains data on the Union Owned Properties, the transactions related to them, and other matters related to them that this Decree by Law requires to be noted in the Register. Government Official: For the purposes herein, it includes:
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Federal Decree by Law No. (35) of 2023 concerning the Union Owned Properties 3 1. Every person holding a government position in any Federal Agency. 2. A representative of the Federal Agency in any Subsidiary, including a member of the BOD representing the Federal Agency in that company. 3. Public employee, or person charged with a public service. Union Owned Properties allocated to serve a Public Facility: Any of the assets listed in Clause (1) of Article (4) herein. Union Non-Owned Properties: Any of the assets listed in Clause (2) of Article (4) herein. Private Union Owned Properties: Any of the assets listed in Clause (3) of Article (4) herein. Private Union Non-Owned Properties: Union Owned Properties described in Clause (4) of Article (4) herein. Subsidiary: A company in which any Federal Agency owns shares not less than (51%) of its capital. Person: The natural person and the private legal person that is not considered a Federal Agency. Act: Creating a real or personal right over any of the Union Owned Properties.
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Federal Decree by Law No. (35) of 2023 concerning the Union Owned Properties 4
