The UAE decided to allow GCC companies to open their branches in the country with the same rights as those enjoyed by national companies
The UAE on Sunday decided to allow GCC companies to open their branches in the country with the same rights as those enjoyed by national companies in a move aimed at bolstering economic integration among the six-nation group.
The cabinet meeting, chaired by His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, at the Presidential Palace in Abu Dhabi, took the decision to accord full parity to GCC companies vis-a-vis their national counterparts in setting up branches in the UAE.
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