Legislation Details
- Full Title: Federal Decree by Law Concerning the Practice of Economic Activities in the State by Citizens of GCC States
- Law Type: Federal Decree-Law
- Law Number: [25] of 2024
- Issued Date: 30 Sep 2024
- Effective Date: 01 Oct 2024
- Official Gazette: No. 784
- Sector: Economy and Business
- Status: Active
- Number of Articles: 6
- Chapters/Parts: 0
- Amendments: 0
Summary
This Federal Decree-Law regulates the practice of economic activities and professions in the UAE by citizens of Gulf Cooperation Council (GCC) states. It establishes that GCC citizens, whether natural or legal persons, shall be treated the same as UAE citizens when engaging in economic activities in the UAE, with some exceptions. The law aims to facilitate economic integration and cooperation among GCC states. It is important for GCC businesses and professionals seeking to operate in the UAE, as it provides them with equal treatment and access to economic opportunities. (Federal Decree by Law Concerning the Practice of Economic Activities in the State by Citizens of GCC States, 2024, Art. 1)
What is the scope and purpose of this law?
The scope of this Federal Decree-Law is to regulate the practice of economic activities and professions in the UAE by citizens of GCC states. It applies to both natural and legal persons from GCC countries. The purpose is to grant GCC citizens the same treatment as UAE citizens when engaging in economic activities in the UAE, with some exceptions. (Federal Decree by Law Concerning the Practice of Economic Activities in the State by Citizens of GCC States, 2024, Art. 1)
What are the key definitions under this law?
The law does not provide any specific definitions. (Federal Decree by Law Concerning the Practice of Economic Activities in the State by Citizens of GCC States, 2024)
What are the main obligations and requirements?
The main obligation under this law is that GCC citizens, whether natural or legal persons, shall be treated the same as UAE citizens when practicing economic activities and professions in the UAE. This equal treatment applies except for economic activities and professions designated by a resolution from the GCC Supreme Council or which are excluded, or certain conditions are required for its practice pursuant to a Cabinet resolution. (Federal Decree by Law Concerning the Practice of Economic Activities in the State by Citizens of GCC States, 2024, Art. 1)
What licensing, registration, or approval requirements exist?
The law does not specify any licensing, registration, or approval requirements. (Federal Decree by Law Concerning the Practice of Economic Activities in the State by Citizens of GCC States, 2024)
What rights and protections does this law provide?
The law provides GCC citizens the right to be treated the same as UAE citizens when practicing economic activities and professions in the UAE, with some exceptions. (Federal Decree by Law Concerning the Practice of Economic Activities in the State by Citizens of GCC States, 2024, Art. 1)
Which authorities or bodies are responsible for enforcement?
The law does not specify any authorities or bodies responsible for enforcement. (Federal Decree by Law Concerning the Practice of Economic Activities in the State by Citizens of GCC States, 2024)
What are the penalties for non-compliance?
The law does not provide any penalty provisions. (Federal Decree by Law Concerning the Practice of Economic Activities in the State by Citizens of GCC States, 2024)
What fees, charges, or financial provisions are specified?
The law does not mention any fees, charges, or financial provisions. (Federal Decree by Law Concerning the Practice of Economic Activities in the State by Citizens of GCC States, 2024)
What exemptions or exceptions apply?
The law provides an exception to the equal treatment of GCC citizens compared to UAE citizens. This exception applies to economic activities and professions designated by a resolution from the GCC Supreme Council or which are excluded, or certain conditions are required for its practice pursuant to a Cabinet resolution. (Federal Decree by Law Concerning the Practice of Economic Activities in the State by Citizens of GCC States, 2024, Art. 1)
How are disputes resolved under this law?
The law does not specify any dispute resolution mechanisms. (Federal Decree by Law Concerning the Practice of Economic Activities in the State by Citizens of GCC States, 2024)
What are the key deadlines and time limits?
The law does not establish any deadlines or time limits. (Federal Decree by Law Concerning the Practice of Economic Activities in the State by Citizens of GCC States, 2024)
How does this law interact with other UAE legislation?
This Federal Decree-Law repeals the previous Federal Law No. (2) of 1984 Concerning the Practice of Economic Activities in the State by Citizens of the GCC States. (Federal Decree by Law Concerning the Practice of Economic Activities in the State by Citizens of GCC States, 2024, Art. 2)
When did this law come into effect?
This Federal Decree-Law shall come into force as of the day following its date of publication in the Official Gazette, which was on 30 September 2024. (Federal Decree by Law Concerning the Practice of Economic Activities in the State by Citizens of GCC States, 2024, Art. 3)
Source Documents
This article analyses Federal Decree by Law Concerning the Practice of Economic Activities in the State by Citizens of GCC States 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.