Wednesday, July 6, 2011

Services & Investment Activities reserved for UAE Nationals

1. Commercial Agencies: Practice of trade agency Functions (registered exclusive agency agreements with the Ministry of Economy) within UAE is exclusively reserved to UAE nationals, either individuals or companies totally owned by natural nationals.
Ref: Federal Law No 18 of 1984 concerning the organisation of commercial agencies
2. Only UAE nationals and companies totally owned by UAE nationals may supply:
  1. Real Estate Services
  2. Rental/Leasing Services relating to Cars
  3. Services Incidental to Agriculture, Hunting, and Forestry Services Incidental to Fishing
  4. Placement and Supply Services of Personnel
  5. Investigation and Security Services
  6. Passenger and Freight Road Transportation
Ref: Decision of the Ministerial Council Presidency regarding the economic activities and professions excluded from the Decision of the GCC High Council of 2002 / 23rd Session Ref: Federal Law No 18 of 1984 concerning organisation of commercial agencies.

3. Travel Agencies and Tour Operator services are reserved to UAE nationals or individuals or companies totally owned by natural nationals. Ref: Federal Law No 18 of 1984 concerning organisation of commercial agencies.

4. Only the following services, among the Audio-visual Services and Recreational, Cultural and Sporting Services as defined in the WTO List regarding Services Sectorial Classification (MTN. GNS/W/120: 10 July 1991) may be supplied by foreign suppliers:
  1. Studios for Artistic & Cinematographic Production and Photography
  2. Theatrical Troupes
  3. Movie Halls
  4. Theatres
  5. Halls for Artistic Exhibitions
  6. Sporting Activities
Ref: Decision of the Ministerial Council Presidency No 2/203 of 25 April 2005.
5. The ownership of Pharmacies, Warehouses of Medicaments and Preventative Medicine Centres is limited to UAE nationals, either individuals or companies owned by natural nations (Articles 19 &35).
Ref: Federal Law No 4 of 1983 on the pharmaceutical profession and pharmaceutical comp

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