The definitions contained in Federal Law No. (3) of 2022 Regulating Commercial Agencies shall apply to this Resolution. Otherwise, the following words and expressions shall have the meanings assigned thereto respectively, unless the context requires otherwise.
Public Joint-Stock Company: A public joint-stock company established in the State, in accordance with the provisions of Federal Decree-Law No. (32) of 2021 on Commercial Companies.
Electronic Services Platform: An electronic platform dedicated to registering commercial agencies in the Commercial Agencies Register.
Law: Federal Law No. (3) of 2022 regulating Commercial Agencies.

In order to practice commercial agencies, a public joint-stock company shall meet the following conditions and controls:
1. The shareholding of UAE citizens shall not be less than (51%) of its capital. 
2. The legal form of the public joint-stock company shall be kept throughout the period during which it practices commercial agencies.
3. Its activity and the purpose for which it has been established shall be the practice of commercial agencies.
4. It shall practice commercial agencies by itself.
5. The nature, objectives and activity of the public joint-stock company are related to the nature and objectives of the commercial agency contract. 
6. A public joint-stock company may register more than one commercial agency contract concluded with more than one commercial agent as long as the nature of such commercial contracts is consistent with the nature, objectives and activities of the public joint-stock company. 
7. The necessary conditions and requirements for registration in the commercial agencies register at the Ministry shall be met.
8. The necessary conditions and requirements imposed by the competent authorities and any official authority in the State, including the Securities and Commodities Authority, shall be met, whenever this is necessary due to the nature of the commodity or service, the subject-matter of the commercial agency or company contract. 
9. The Ministry shall be provided with the information it needs. 
10. The Ministry shall be promptly notified of any change made to any of the conditions and controls referred to in this Article, as well as any change that may affect the company.

1. A public joint-stock company shall be prohibited from practicing commercial agencies in the State, unless it is registered in the commercial agencies register at the Ministry. Any commercial agency not entered in this register shall be disregarded. 
2. The public joint-stock company shall register the commercial agency through the electronic services platform of the Ministry of Economy, under a request for entering the commercial agency in the commercial agencies register. 
3. A public joint-stock company shall obtain the necessary approvals and permits from the competent authorities and entities in charge of the nature of commercial agencies, when required, including the Securities and Commodities Authority and any of the authorities concerned.

A public joint-stock company shall lose its right to practice commercial agencies in any of the following cases:
1. Its legal form is converted into any other form of commercial companies.
2. The percentage of ownership of non-citizens is increased above (49%) of its capital.
3. The shareholding of the UAE citizens is reduced below (51%) of its capital.

Any provision that contradicts the provisions of this Resolution is hereby repealed. 

This Resolution shall be published in the Official Gazette and shall enter into force from the day following its publication.