Cabinet Resolution No. 55 of 2021 · UAE Federal · in force
Cabinet Resolution No. (55) of 2021
Determining the List of Activities with a Strategic Impact
The Cabinet,
- Having reviewed the Constitution; and
- Federal Law No. (1) of 1972, Concerning the competences of ministries and capacities of ministers and its amendments thereof; and
- Federal Law No. (2) of 2015, concerning Commercial Companies and its amendments thereof; and
- Based upon the Minister of Economy’s proposal and the Cabinet’s approval, Decided:
In implementing the provisions of this Resolution, the following words and phrases shall have the meaning assigned to each of them, unless the context requires otherwise: State : United Arab Emirates.
Competent Authority : The authority competent for companies’ affairs at the concerned emirate.
Regulatory Authority : The federal authority concerned with regulating the activity
with a strategic impact.
Committee : The Committee of Activities with a strategic impact. List of Activities with a : The list that includes the activities subject to the necessary strategic Impact controls for licensing companies that engage in any of these
activities in accordance with the requirements and conditions of the Regulatory Authority.
Foreign Investor : A natural or legal person who doesn’t carry the nationality
of the State and invests in the State.
1. The list of activities with a strategic impact and the controls for licensing companies that engage in any of these activities shall be determined as shown in the following table:
Regulatory # Activity Conditions & Controls Authority
Subject to the approval and requirements of the Ministry of Defense or Ministry of Interior – each in its own field – in terms of:
a. Determining the percentage of national participation and/or percentage of the foreign Security and investor’s participation in the Defense Ministry of Defense capital.
1 Activities and and Ministry of b. Determining the percentage of Activities of Interior national participation and/or Military nature percentage of the foreign
investor’s participation in membership of board of directors (if applicable).
c. Any other conditions or controls deemed by the Ministry of Defense or the Ministry of Interior.
Banks, Exchange Subject to the approval and requirements Houses, Finance of the United Arab Emirates Central Bank 2 Companies and in terms of:
Insurance a. Determining the percentage of Activities national participation and/or percentage of the foreign
investor’s participation in the capital.
Central Bank of the
b. Determining the percentage of United Arab Emirates national participation and/or percentage of the foreign 3 Money Printing investor’s participation in membership of board of directors (if applicable).
c. Any other conditions or controls deemed by Central Bank.
Subject to the approval and requirements of the Public Authority for the Regulation Public Authority for of the Telecommunications Sector and the Regulation of the the Digital Government in terms of: 4 Telecoms Telecommunications a. Determining the percentage of Sector and the national participation and/or Digital Government percentage of the foreign
investor’s participation in the capital.
b. Determining the percentage of national participation and/or percentage of the foreign investor’s participation in membership of board of directors (if applicable).
c. Any other conditions or controls deemed by the Authority.
Pilgrimage (Hajj) Subject to the approval and requirements 5 and Umra of the General Authority of Islamic Affairs Activities and Endowments in terms of:
a. Determining the percentage of Public Authority for national participation and/or the Islamic Affairs and Quran percentage of the foreign Endowments 6 Memorization investor’s participation in board of Centers directs (if applicable).
b. Any other conditions or controls deemed by the Authority.
2. List of activities with a strategic impact with a determine percentage of national participation in it:
# Activity Conditions & Controls
The percentage of national participation in 7 Services related to fisheries this activity shall be 100%
Procedures to Approve the Licensing of Companies that Engage in Any of the Activities with a Strategic Impact
1. A foreign investor – who wishes to engage in an activity with a strategic impact in accordance with clause (1) of article (2) of this resolution – shall submit the license application to the competent authority in accordance with the controls and conditions stipulated in federal and local legislation related to the activity.
2. The competent authority shall submit the application to the regulatory authority within a timeframe that doesn’t exceed (5) working days from the date of receiving an application meeting the requirements in accordance with the provisions of clause (1) of this article.
3. The regulatory authority shall issue – within a maximum period of (14) fourteen working days from the date of receiving the application or of fulfilling all the conditions and requirements in accordance with clause (2) referenced above – its decision as per the following:
a. Approval of the application and determining the percentage of national participation, and any controls and conditions deemed by the authority in accordance to clause (3) of this article.
b. Rejection.
4. The regulatory authority shall notify its decision to the competent authority in order to take the appropriate procedure in accordance with the conditions stipulated in clause (3) of this article.
Companies, licensed in any of the activities with a strategic impact, shall abide by all the applicable legislation in the State.
The competent authority shall submit to the committee, periodically and every three months, a report of the licensed projects with a strategic impact and any amendments that may occur in terms of ownership or shareholders.
This Resolution shall be published in the official gazette and shall come into force as of 01/06/2021.
Mohammed bin Rashid Al-Maktoum Prime Minister
Issued by us, On: 18 Shawwal 1442 A.H.
Corresponding: 30 May 2021 AD