Problems relating to Trade and Investment on Gulf Cooperation Council
23. Inefficient administrative procedures, regimes and practices |
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Issue |
Issue details |
Requests |
Reference |
| (1) Sponsorship Scheme | - FFEs establishing branches, representative offices in UAE, Qatar, Kuwait, etc. must designate an indigenous person or a fully domestically capitalised enterprise as "Service Attorney" (so called "Sponsor"), with a corresponding remuneration payable to such Sponsors, each year. | - It is requested that the GCC countries repeal the sponsor designation obligations. | - Company Act or Foreign Investment Act of each GCC country. |
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