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The Regulation and Supervision Bureau was founded in 1999 following the passing of an Emirate law reference Law No (2) of 1998. During 1997 and 1998 a privatisation committee was formed by the Abu Dhabi Government to study the UK model of un-bundling and privatisation of the then Water and Electricity Department (WED) which was a government owned vertically integrated organisation.
The UAE Telecommunications and Digital Government Regulatory Authority (TDRA) was established in 2003 [1] to regulate the Information Communications and Telecommunications (ICT) sector in the United Arab Emirates (UAE) and to ensure sustainability, competitiveness and transparency among the service providers, [2] customers and shareholders.
The UAE has a number of free zones across Dubai, [1] Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al-Khaimah and Umm al-Quwain. Free zones may be broadly categorized as seaport free zones, airport free zones, and mainland free zones. Free-trade zone exemptions are: [2] 100% foreign ownership of the enterprise
The regulator for Abu Dhabi’s international financial center and free zone has launched its regulatory framework that will encompass spot crypto services offered by exchanges, custodians and ...
And while there were exceptions for free zones and modern housing developments, for the majority of the UAE, Etisalat held a monopoly on business and personal telecommunications services. In February 2006, this monopoly became a duopoly when a new telephone company and Internet service provider (ISP), du , was established to offer mobile ...
Customs Duties: Free zone entities often enjoy exemptions from customs duties on imports and exports, fostering a more favourable trade environment. Foreign Ownership: Free zone regulations allow 100% foreign ownership, which is not always permitted in mainland UAE.
Some financial free trade zones in Abu Dhabi and Dubai have their own legal and court systems based on English common law; local businesses in both emirates are allowed to opt-in to the jurisdiction of common law courts for business contracts. [4] [5] [6] The justice system in the UAE has been characterized as opaque.
It is a federal elective monarchy made up of seven emirates, with Abu Dhabi serving as its capital. It shares land borders with Oman to the east and northeast, and with Saudi Arabia to the southwest; as well as maritime borders in the Persian Gulf with Qatar and Iran , and with Oman in the Gulf of Oman .