Regulations

Part 1- IHC Humanitarian Organizations and Commercial Companies (FZLLC) Common Regulations

Chapter 5- Suspension, Revocation and Cancellation of a License
Section 1- Suspension of License

Article 1- Suspension of a License in the Discretion of the Authority
The Authority may, if it thinks fit and at its sole discretion, suspend a License for a specified period until the occurrence of a specified event or until specified conditions are complied with.

Article 2- Reasons for Suspension of a License
The Authority may act under the article 1 of this section, in events including but not limited to the following:
a- If the Humanitarian Organization or Commercial Entity has contravened a provision of these Regulations or its License;

b- If the Humanitarian Organization or Commercial Entity has failed to satisfy an obligation to which the Humanitarian Organization or Commercial Entity is subject by virtue of these Regulations;

c- If the Humanitarian Organization or Commercial Entity no longer meets the relevant applicable minimum criteria under which it was licensed.

Section 2- Revocation and Cancellation of a License

Article 1- Revocation of a License in the Discretion of the Authority
The Authority may, if it thinks fit, revoke a License at the occurrence of a specific event.

Article 2- Reasons for Revocation of a License
The Authority may act under the article 1 of this section, in events including but not limited to the following:

  1. If the Humanitarian Organization or Commercial Entity no longer meets the relevant applicable minimum criteria under which it was licensed;
  2. If the Humanitarian Organization or Commercial Entity has furnished misleading or inaccurate information to the Authority under or for the purposes of any provision of these Regulations;
  3. If the Humanitarian Organization or Commercial Entity has not commenced to carry on in the Free Zone the activities to which its License relates within ninety (90) days of its issuing or within such other period as may be specified by the Authority;
  4. If the Humanitarian Organization or Commercial Entity has not paid any renewal or other fee, including any fee for late renewal due and payable in respect of a License or if the Humanitarian Organization or Commercial Entity has not paid any other amounts due to the Authority;
  5. If the Humanitarian Organization or Commercial Entity has ceased to provide activities;
  6. If the Humanitarian Organization or Commercial Entity fails to renew its expired License;
  7. If the Humanitarian Organization or Commercial Entity is carrying on activities of a different category to that set out on the License;
  8. If the Humanitarian Organization or Commercial Entity or the controller of the Humanitarian Organization or Commercial Entity has assigned the benefit and control of a business to a third party without the approval of the Authority;
  9. On the order of a court;
  10. If the Authority considers it necessary to revoke the License for the protection of the public or of the reputation of the Free Zone;
  11. If the Authority suspects that the Licensed Humanitarian Organization or Commercial Entity is linked to any suspected or terrorist organizations or individuals;
  12. If the Authority suspects that the Licensed Humanitarian Organization or Commercial Entity is involved in money laundering practices;
  13. If the Humanitarian Organization or Commercial Entity operates from offices outside the Free Zone, or carries on activities outside the Free Zone without obtaining the prior written approval of the Authority (such approval which may be withheld in the Authority’s sole discretion without any obligation to give reasons) and the prior written approval of any other Relevant Authority or is in violation of any applicable Local or Federal Law.

Article 3- Further Actions Following the Revocation of a License by the Authority
Following the revocation of a License, the Authority shall report suspicious cases related to money laundering and/or terrorist financing or financing illicit organizations (as defined in the Federal Decree-law No. 20 of 2018) to UAE Law Enforcement Authorities and/or to the Central Bank of the UAE.

Article 4- Cancellation of a License at the Request of the Humanitarian Organization or Commercial Entity
a- The Humanitarian Organization or Commercial Entity may request the cancellation of its own License.

b- Provided that the liquidation has been conducted to the satisfaction of the Authority, as per the liquidator’s report, the Authority shall cancel the License of the requesting Humanitarian Organization or Commercial Entity.