Regulatory Alerts2018-04-22
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Cabinet Resolution No 19 of 2018 Amending Executive Regulations of Federal Law No 8 of 2004 on Financial Free Zones
The UAE Cabinet issued Resolution No 19 of 2018 to amend the executive regulations of Federal Law No 8 of 2004 concerning Financial Free Zones. This resolution replaces Article 7, Clause 2 of the previous Cabinet Resolution No 28 of 2007 to establish that Financial Free Zones are inspected by a committee formed via a Cabinet resolution proposed by the Minister of Finance. The new provisions determine the committee's formation, competences, and related provisions, entering into force upon issuance and publication in the Official Gazette.
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