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Announcement
The Registration Authority of ADGM publishes Consultation Paper on Commercial Permits Regulations
ADGM RA 09/09/2024The Registration Authority (RA) of ADGM has issued a Consultation Paper to explain and to seek public feedback and comments on the proposed Commercial Permits Regulations 2024 and subordinate rules.
The Commercial Permits Regulations 2024 and subordinate rules aim to establish a framework for obtaining, renewing, and maintaining commercial permits in relation to certain activities in ADGM.
This Consultation Paper is of interest to all licensed persons in ADGM, their directors, officers, employees and advisors. Feedback from other stakeholders, whether based in the ADGM or beyond, is also welcome.
The key features of the RA’s proposals are as follows:
- Introducing a requirement to obtain a commercial permit from the RA with respect to certain activities.
- Establishing specific conditions applicable to Alcohol or Shisha Permits.
- Providing the fees payable to the RA in connection with the issuance and renewal of annual or temporary Alcohol and Shisha Permits.
To view the Consultation Paper, please click here: Consultation Paper No. 8 of 2024 – Commercial Permits Regulations.
The consultation period will close on 29 September 2024.