We, Humaid bin Rashid Al Nuaimi, Ruler of the Emirate of Ajman,

Pursuant to the perusal of Federal Law No. 22/2000 concerning the Federation of Chambers of Commerce and Industry and its amendments;

Federal Law No. 11/2019 on the rules and certificates of origin.

Federal Decree-Law No. 32/2021 on Commercial Companies;

Federal Decree-Law No. 50/2022 on the Promulgation of the Commercial Transactions Law;

Ajman Emiri Decree No. 1/2015 on the Department of Economic Development in Ajman, and its amendments;

Ajman Emiri Decree No. 5/2017 on the Financial Audit Authority in Ajman;

Ajman Emiri Decree no. 2/2018 on the Legislation Committee in the Emirate of Ajman;

Ajman Emiri Decree No. 4/2018 on the Re-Organisation of Ajman Chamber of Commerce and Industry;

Ajman Law No. 5/2018 on issuing the Law regulating the practise of economic activities in the Emirate of Ajman and its amendments; and

Based on the approval of the Legislation Committee,

Have issued the following Law: