Licensing Regulations
Part 1 - Preliminary Rules
Article 1 - Citation
These Regulations will be cited to as the Licensing Regulations.
Article 2 - Definitions
The following words and phrases will have the meaning shown against each of them, unless the text indicates otherwise:
Applicant: a natural or legal person who submits an Application.
Application: the application in the prescribed form submitted to the Authority in accordance with Article 7.
Authority: will have the meaning given to it in the Free Zones Law.
Beneficial Owner: a natural person who has, alone or with one or more other persons, complete ownership or Control over the entity, including a natural person who exercises full control/absolute effective powers over the entity regardless of legal ownership.
Board: will have the meaning given to it in the Free Zones Law.
Branch: a branch that is registered by the Originating Company pursuant to the Free Zones Legislation.
Business Plan: the business plan that an Applicant submits in the form prescribed by the Authority.
CEO: the Chief Executive Officer of the Authority.