Establishments
The states of the Gulf Cooperation Council (the UAE, Saudi Arabia, Sultanate of Oman, Qatar, Kuwait, and Bahrain) signed the United Economic Agreement in Riyadh on 7th June 1981, with a view to coordinate and unify economic, financial, monetary, commercial and industrial legislation, and the UAE endorsed this agreement in 1982. It is conditional as per the Federal Law No. 2 of 1989 concerning permitting the GCC citizen to establish a business operation in UAE that the investor should be a person residing in the UAE and practicing the required activity by themselves, and possessing a license to practice the activity in their country of origin.
Establishment by GCC Citizens
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