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.