1. The practice of the Commercial Agency activity in the State shall be limited to individual citizens and companies and establishments wholly owned by any of the following persons: A. A natural person who is a UAE national; B. A public legal person; C. A private legal person owned by public legal persons; or D. A private legal person wholly owned by natural persons who are UAE nationals. 2. Subject to Clause (1) of this Article, the Cabinet may, upon the recommendation of the Minister, allow any international company, even if it is not owned by UAE nationals, to practice the Commercial Agency activity with regard to the products it owns, under the conditions and within the limits the Cabinet deems appropriate in this regard if the following requirements are met: A. There shall be no commercial Agent for such Commercial Agency inside the State; and B. The Commercial Agency shall be new and has not been previously registered in the State. 3. Subject to the provision of Clause (4) of this Article, public joint-stock companies which are established in the State and in which the shares of the UAE nationals are not less than (51%) of its capital shall be excluded from the provisions of Clause (1) of this Article. 4. The Cabinet shall, upon the recommendation of the Minister, issue a resolution on the procedures, controls and conditions for the companies set forth in Clause (3) of this Article to practice the Commercial Agency activity in the State.
Interpretation and application must be checked against the official text and current version.