1
Article 1
Article 1 The Gulf companies shall be allowed to open its branches in the United Arab Emirates according to the following conditions: 1. The Company shall be registered in one of the GCC countries, and shall be practice an economic activity which are open for GCC nationals to practice in the Emirates. 2. The Company shall be fully owned by the citizens of the GCC countries. 3. A period of no less than three years shall lapse on the registration of the company desiring to open its branches in the Emirates. This period may be reduced by a Resolution of the Minister of Economy. 4. The person deputized by the Company to run the branch shall be a GCC citizen, and an exemption of this condition may be permitted by a Resolution of the Minister of Economy.
-- 1 of 2 --
Cabinet Resolution of 2012 Regarding Permitting gulf companies to open branches thereof in the United Arab Emirates 2
