Legislation Details
- Full Title: Cabinet Resolution Concerning the Economic Register Fees
- Law Type: Cabinet Resolution
- Law Number: 14 of 2023
- Issued Date: 13 Mar 2023
- Effective Date: 01 Apr 2023
- Official Gazette: No. 748
- Sector: Economy and Business
- Status: Active
- Number of Articles: 18
- Chapters/Parts: 0
- Amendments: 0
Summary
This Cabinet Resolution establishes the fees for transactions and procedures related to the registration and renewal in the Commercial Register in the United Arab Emirates. The purpose of this law is to regulate the fees charged by the competent authorities for maintaining the Economic Register, which contains the data from the Commercial Register. This legislation is important for businesses and individuals operating in the UAE, as it sets the standard fees they must pay when registering or renewing their commercial activities. (Cabinet Resolution Concerning the Economic Register Fees, 2023)
What is the scope and purpose of this law?
The scope of this Cabinet Resolution is to regulate the fees charged for transactions and procedures related to the registration and renewal in the Commercial Register. It applies to the Ministry of Economy, the competent authorities that issue economic activity licenses, and the entities subject to the provisions of Federal Decree-Law No. (37) of 2021 Concerning the Commercial Register. (Cabinet Resolution Concerning the Economic Register Fees, 2023, Art. 2)
What are the key definitions under this law?
The key definitions provided in this law are:
- State: The United Arab Emirates
- Ministry: The Ministry of Economy
- Minister: The Minister of Economy
- Competent Authority: The local governmental authority and free zones authorities competent to issue economic activities licenses
- Commercial Register: The database established at the Competent Authority containing the names and information of those subject to the provisions of the Decree-Law
- Economic Register: The database established at the Ministry which includes the commercial register data and any other information determined by the Executive Regulations
- Decree-Law: Federal Decree-Law No. (37) of 2021, Concerning the Commercial Register
(Cabinet Resolution Concerning the Economic Register Fees, 2023, Art. 1)
What are the main obligations and requirements?
The main obligations under this Cabinet Resolution are: 1. The Competent Authority must collect the fee of AED 10 for every transaction or procedure concerning the registration and renewal in the Commercial Register. (Cabinet Resolution Concerning the Economic Register Fees, 2023, Art. 3) 2. The Competent Authority must transfer the collected fees to the Federal Government's unified treasury account. (Cabinet Resolution Concerning the Economic Register Fees, 2023, Art. 4) 3. The Minister of Economy must issue the necessary resolutions to implement the provisions of this Resolution. (Cabinet Resolution Concerning the Economic Register Fees, 2023, Art. 6)
Which authorities or bodies are responsible for enforcement?
The key authorities and bodies responsible for enforcement under this law are: 1. The Ministry of Economy, which is responsible for establishing the Economic Register and issuing implementing resolutions. (Cabinet Resolution Concerning the Economic Register Fees, 2023, Arts. 1, 6) 2. The Competent Authorities, which are the local governmental and free zone authorities that issue economic activity licenses and are responsible for collecting the fees and transferring them to the Federal Government's treasury. (Cabinet Resolution Concerning the Economic Register Fees, 2023, Arts. 1, 4)
What fees, charges, or financial provisions are specified?
This Cabinet Resolution specifies a fee of AED 10 that must be collected by the Competent Authority for every transaction or procedure concerning the registration and renewal in the Commercial Register. (Cabinet Resolution Concerning the Economic Register Fees, 2023, Art. 3)
How does this law interact with other UAE legislation?
This Cabinet Resolution is related to the following UAE legislation: 1. Federal Law No. (1) of 1972, Concerning the Competences of Ministries and Capacities of Ministers 2. Federal Decree-Law No. (26) of 2019, Concerning Public Finance 3. Federal Decree-Law No. (37) of 2021, Concerning the Commercial Register 4. Cabinet Resolution No. (107) of 2022, Issuing the Executive Regulations of Federal Decree-Law No. (37) of 2021 Concerning the Commercial Register 5. Cabinet Resolution No. (14) of 2004, Concerning the Establishment of a Unified Commercial Register and Imposing the Fees for Registering, Renewing, and Marking within the Unified Commercial Register This Cabinet Resolution repeals the previous Cabinet Resolution No. (14) of 2004. (Cabinet Resolution Concerning the Economic Register Fees, 2023, Art. 7)
When did this law come into effect?
This Cabinet Resolution came into effect on 1 April 2023, the day following its publication in the Official Gazette No. 748. (Cabinet Resolution Concerning the Economic Register Fees, 2023, Art. 8)
Source Documents
This article analyses Cabinet Resolution Concerning the Economic Register Fees for legal research and educational purposes. For the purpose of interpretation and application, reference must be made to the original Arabic text. In case of conflict, the Arabic text prevails. This does not constitute legal advice.