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Federal Decree by Law Concerning the Practice of Economic Activities in the State by Citizens of GCC States

The last update on this law was listed on 30 Sep 2024

Issued Date

30 Sep 2024

Effective Date

01 Oct 2024

Official Gazette Date

30 Sep 2024

Official Gazette No

784

Legislation State

Active

Disclaimer: Every effort has been made to produce an accurate and complete English version of this website/ legislation. However, for the purpose of their interpretation and application, reference must be made to the original Arabic text. In case of conflict, the Arabic text will prevail

Article (1)

Citizens of States of the Gulf Cooperative Council (GCC) – whether natural or legal persons – shall be treated the same way citizens of the State are when practicing economic activities and professions in the State. With the exception of 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.

Article (2)

Federal Law No. (2) of 1984 Concerning the Practice of Economic Activities in the State by Citizens of the GCC States shall be repealed.

Article (3)

This Decree by Law shall be published in the Official Gazette and shall come into force as of the day following its date of publication.

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