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Tuesday, March 5, 2024

UAE Cabinet liberalizes rules for GCC companies

UAE Cabinet liberalizes rules for GCC companies(Abu Dhabi) – The UAE Cabinet chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has decided to accord full parity to GCC companies vis-a-vis their national counterparts in setting up branches in the UAE.
The move is in line with the GCC Summit’s resolution seeking to bolster economic integration within the regional group.
The cabinet also passed a raft of mandatory specifications (technical standards) for a group of commodities and products, approved the budget of the General Pension and Social Security Authority for 2012 and approved several international conventions the UAE has signed with other countries.

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