For the purpose of applying the provisions of this Decree Law, the following words and expressions shall denote the meaning ascribed thereto as follows, unless otherwise required by the context:
State: The United Arab Emirates
Ministry: Ministry of Economy
Minister: Minister of Economy
Competent Authority: The local governmental entity and the free zones authorities that are vested with the authority for issuing business licenses, including commercial, industrial, tourist, media and other economic activities licensed in the State
Economic Activity: The economic activities include commercial, industrial, tourist, media and other economic activities licensed in the State
Economic Register: A database to be created at the Ministry and contain the data of the Commercial Register, including the names and data of the persons who are subject to the provisions of this Decree Law and the Commercial Register Number provided by the competent authority, in addition to any other data described in the Executive Regulations of this Decree Law
Commercial Register: A database to be created at the competent authority and contain the names and data of the persons who are subject to the provisions of this Decree Law with the competent authorities within their respective areas of competence.
Economic Register Number: An identification number assigned to the establishment practicing the economic activity when its name is recorded in the Economic Register at the Ministry.
Commercial Register Number: An identification number assigned to the establishment practicing the economic activity when its name is recorded in the Commercial Register at the Ministry.
 

This Decree Law aims to:
1. Regulate the uses of Commercial and Economic Registers in the State; and
2. Provide an accurate and unified database for all the data related to traders and licensed economic activities in the State and any updates or changes relating thereto.

The provisions hereof shall apply to all those who practice any economic activity in the State, in particular:
1. The companies that are subject to the provisions of Commercial Companies Law;
2. The civil companies taking the legal form of a commercial company;
3. The companies established by the Federal Government or Local Governments or in which the same holds an equity stake, and which practice an economic activity in the State;
4. The companies and establishments which practice a professional activity;
5. The companies established under a law or decree for the practice of a commercial activity;
6. Foreign companies' branches, offices and agencies;
7. The companies and establishments which practice their activity within the free zones of the State;
8. Commercial sole proprietorships; and
9. Any other bodies added under a Cabinet resolution.

1. The competent authority shall create a Commercial Register to record therein the names of the persons who are subject to the provisions hereof, all the data and documents provided for herein, the data specified in the Executive Regulations of this decree law and other laws as well as any changes to such data.
2. The Ministry shall create a register to be known as the Economic Register to record therein the data of the persons who are subject to the provisions hereof, the data and information of the Commercial Register and any changes to such data. This register may include any other data described in the Executive Regulations hereof.
3. The economic data contained in the Economic Register shall be the property of the Ministry.
4. No natural or legal person may only practice any economic activity when the data thereof is entered in the Commercial Register.

1. The persons who are subject to this decree law shall submit the application for registration in the Commercial Register to the competent authority in accordance with the form designated by it, including the following information:
   a. Registration applicant's name, identification data and address;
   b. The trade name under which the applicant wishes to practice the commercial activity, if any;
   c. The Legal Form adopted by the applicant requires for practicing the activity;
   d. The type of activity required to be practiced by the applicant;
   e. Amount of capital, if any;
   f. Address of the business premises, if any;
   g. Names of the authorized signatories;
   h. E-mail address and telephone and fax numbers; and
   i. Any other documents or data described in the Executive Regulations or any other laws.
2. After the applicant has satisfied all licensing requirements, the competent authority shall decide on the registration application. If the application is approved, the applicant shall be granted a commercial registration certificate after having paid the prescribed fee, and the competent authority shall record the data referred to in Clause (1) above in the Commercial Register kept with it, and shall update such data and any changes thereto.
3.    The competent authority shall record and share all the data referred to in Clause (1) above and any changes thereto in the Economic Register, within the timeframe and using the means and mechanism described in the Executive Regulations of this decree law, while the Ministry and competent authority shall complete the procedures of electronic linkage with the Commercial Register.

1. Any person, whose name is recorded in the Commercial Register, shall submit an application to have any updates or changes to the registration data annotated in the Register, within the time limit to be determined by the competent authority. Such annotation shall be subject to the same Procedures for registration in the Commercial Register.
2. The competent authority shall, sua sponte, have any changes or updates to the registration data annotated in the Register, in accordance with the cases and procedures described in the Executive Regulations hereof; in which case, the competent authority shall notify the person whose data has been annotated in the Commercial Register within the time limit described in the Executive Regulations hereof.

Renewing the registration in the Commercial Register shall be subject to the controls and procedures set out in the Executive Regulations hereof.

The Executive Regulations hereof shall determine the cases in which the persons governed by the provisions hereof are required to include their Commercial Register Number in their business documents and transactions with third parties and, the cases and circumstances in which their Certificate of Registration in the Commercial Register is required to be displayed within the Business Premises or on its websites.

1. The person governed by the provisions hereof or its representative, inheritors or liquidators, as the case maybe, shall apply, in accordance with the same registration procedures, to have their names removed from the Commercial Register in any of the following cases:
   a. In the cases of sole proprietorships and the likes:
        i. If the person ceases to practice its economic activity or finally departs from the State, unless a director is appointed thereby to manage the economic activity on its behalf;
        ii. The death of the person, unless his inheritors request the continuation of the economic activity, provided that both the provisions of any other law are observed and that such inheritors satisfy the conditions of the practice of the activity.
   b. In the case of the legal person:
        i. When the company's liquidation procedures are completed;
        ii. When the company's legal personality ceases to exist; and
   c. In any other cases described in the Executive Regulations hereof.
2. The application shall be submitted within the time limit to be determined by the competent authority. Should the interested party fail to timely submit the deregistration application, the competent authority may, sua sponte after having verified the incident giving rise to the deregistration, deregister the legal person concerned, update the data in the Commercial Register and notify the Ministry and the relevant authorities of the same.

The courts or judicial committees shall send to the competent local authority a copy of the judgments described herein below during the relevant time limit, by the means and based on the mechanism specified in the Executive Regulations hereof, in order to make annotations based thereon in the Commercial Register:
1. Judgments involving the declaration or revocation of bankruptcy, judgments specifying or amending the debt default date, the decisions approving the judicial filing or termination of the same, and the judgments on the objections thereto (if any);
2. Rehabilitation judgments;
3. The judgments and decisions imposing interdiction on the person governed by the provisions hereof, appointing or dismissing the trustees or agents for the absentees, or lifting the interdiction;
4. The judgments dismissing the partners or removing the directors;
5. Judgments dissolving, liquidating or invalidating the companies and appointing or dismissing the liquidators;
6. Judgments placing the business premises under receivership;
7. Judgments and decisions permitting the minor or his/her agent to practice business activities or revoking or restricting the permission to practice business at a business premises;
8. Judgments imposing criminal penalties that prevent the person governed by the provisions hereof from practicing the business thereof, and designating the trustee's name and date of appointment;
9. The judgments involving receivership;
10. Any judgments or decisions issued by courts or judicial committees, as described in the Executive Regulations hereof
The competent authority shall make relevant annotations in the Commercial Register by virtue of such judgments and decisions once it has been notified of the same, in accordance with the procedures specified in the Executive Regulations hereof.

Any mortgage of a business premises or any of its elements determined by the Executive Regulations hereof shall be recorded in the Commercial Register, and the Executive Regulations hereof shall determine the procedures of the registration.

The Executive Regulations hereof shall regulate the procedures and controls of deregistration and re-registration in the Commercial Register.

The Ministry and the competent authority, as the case may be, may publish on its website the data of the Commercial Register and Economic Register described in the Executive Regulations hereof.

The registration applicant shall be held liable for the correctness and accuracy of the data and documents contained in the application, while the competent authority shall not be liable for incorrectness or inaccuracy of such data.

The data recorded in the Commercial Register and Economic Register shall have a probative force as evidence in favor of or against the establishment practicing the economic activity, as of the date of registration. In addition, any data required to be recorded or annotated may only be invoked against Third Parties after the relevant action is carried out. However, any interested third party may invoke such data vis-à-vis the person who is subject to the provisions hereof.

1. Any person shall be entitled to have access to the basic data and documents entered in the Commercial Register or Economic Register in accordance with the Executive Regulations of this Decree Law.
2. Any person may request the Ministry or the competent authority to obtain an official extract of the data recorded in the Commercial Register or Economic Register or any other specific data as described in the Executive regulations hereof;
3. The government entities shall be entitled to have access to the data of the Commercial Register or Economic Register in accordance with the requirements of the work nature thereof as much as needed, in accordance with the Executive Regulations hereof.

1. If the competent authority is convinced that a material or procedural error has been committed during the registration or modification process, it shall correct the same within the time limit specified in the Executive Regulations as of the detection date of the error or the submission date of the correction application by an interested person or the legal representative of the establishment practicing the economic activity.
2. If an application for correction is submitted by an interested person or by the legal representative of the establishment that practices the economic activity, but the competent authority is convinced that there is no error, the decision to reject the application shall be reasoned.

Each interested party may submit a grievance to the competent authority against the decision rejecting the application for registration, annotation of its modification, deregistration or re-registration, within (15) (fifteen days) of the date on which the applicant is notified of the rejection decision, provided that the grievance is reasoned and accompanied by all supporting documents. The grievance shall be decided on within (30) (thirty days) of the date of its submission, in accordance with the applicable procedures of the competent authority.

The acts committed in violation of the provisions hereof and the decisions issued in application hereof shall be subject to the administrative penalties to be issued by the competent authority in this regard.

The persons governed by the provisions hereof shall have their affairs adjusted in conformity with the provisions hereof, not later than one year of the entry-into-force date of this Decree Law, and such time limit may be extended under a Cabinet Resolution.

The Cabinet shall issue a resolution concerning the fees required for the implementation of this decree law.

The Cabinet shall issue the Executive Regulations hereof based on the proposal of the Minister and in coordination with the competent authority, within (6) (six) months of the day following the entry into force date hereof.

1. Federal Law No. (5) of 1975 Concerning the Commercial Register, together with any provision that goes against or conflicts with the provisions hereof, are hereby repealed.
2. The resolutions and regulations applicable prior to the entry into force hereof shall remain in full force and effect insofar as they do not contradict the provisions hereof until the substitute provisions are issued in accordance with the provisions hereof.

This Decree Law shall be Published in the Official Gazette and shall enter into force (6) (six) months as of the day following the date of its publication in the Official Gazette.