what does the uae do to ensure market safety and fairness
Answers
Answer:
Awareness of business laws
The UAE has several regulations in place for smooth and fair conducting of businesses. As a responsible entrepreneur, you are obliged to comply with laws that
govern your business
protect labour rights, consumer rights and intellectual property rights
protect health and environment and ensure safety
govern the free zone in which your business is set up in.
This page provides an overview of commercial regulations that govern the business enterprises and activities in the UAE, in terms of formation, practice and application.
Business regulations related to mainland companies
The UAE Federal Law No. 2 of 2015 on Commercial Companies , as amended applies on any economic entity which practice any commercial, financial, industrial, agricultural, real estate or other kinds of economic activity on the mainland except the following:
companies excluded by resolution of the UAE Cabinet
companies wholly owned by federal or local governments and companies held in full by such companies, if a special provision to this effect mentioned in the company's memorandum
companies operating in certain oil, gas and power sectors in which the federal or local government directly or indirectly holds 25per cent , provided a provision to this effect is mentioned in its MoA.
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