related issues, sign it, and forward the final version for authentication. The Cabinet approved the enforcement of the decision issued by the Gulf Cooperation Council summit held in Abu Dhabi on December 2010 allowing Gulf companies the right to open branches in different member states, and that those companies shall be treated on an equal footing with the national companies on doing their businesses and transactions, provided that the respective company is legally-registered, its economic activity is among the permitted for the GCC nationals, fully-owned by member states' nationals, has been registered three years prior to applying for such a permission (a period the host State will have the right to reduce), its businesses are done within the permitted limits entertained by the nationals, its manager be a national of a GCC member state, a condition that could be nullified by the host country, and the State has the right to cancel the permission in case there is/are partner(s) of non-Gulf states nationalities in the parent company, or that the prescribed company has violated any of the aforementioned conditions. -- More
