9
Articles
F(/FD
Issuing authority
2004
Effective since
AI
Cited answers from article text
Federal Law No. (8) of 2004 on Financial Free Zones: what a financial free zone is, how one is established, which federal laws apply inside it (all except federal civil and commercial law), and limits on licensed financial activity (Articles 1-9) is one of the rulebooks issued by the Federal (Cross-Regulator / Federal Decree-Laws). For compliance officers, legal teams, and advisors working under this regime, finding the right article quickly matters. Lexara indexes the full text of Financial Free Zones Law (Federal Law 8/2004) and makes it searchable two ways: full-text and keyword search for rapid lookup, and AI Explorer for natural-language questions answered with citations to the exact article.
9 articles, each with a plain-English summary by Arakan. The full text of every article is in the Laws Browser.
Article 1Definitions: financial free zone, financial activities
A Financial Free Zone allows banking, financial, insurance, and related services within a designated area in any Emirate.
Article 2Establishment and legal personality
A Financial Free Zone is established by federal decree, has legal personality, and is responsible for its obligations.
Article 3Which federal laws apply
Financial Free Zones are subject to federal money laundering laws and all federal laws except civil and commercial laws.
Article 4Limits on licensed financial activity
Licensed banking firms in financial free zones cannot take deposits from the national market or deal in UAE Dirhams.
Article 5International treaties
Financial Free Zones must not engage in activities that violate international treaties ratified by the State.
Article 6Memoranda of cooperation
Financial Free Zones can enter into cooperation agreements with similar entities as long as they don't conflict with state treaties.
Article 7Reporting, federal inspection, emirate regulations
Financial Free Zones must publish semi-annual reports, and federal authorities can inspect them while emirates may issue necessary regulations.
Article 8Licensing outside the zone (transitional)
Cabinet can authorize a Financial Free Zone to license firms to operate outside its boundaries for up to four years after its establishment.
Article 9Implementing regulations
The Cabinet is responsible for issuing the implementing regulations for financial free zones.
Financial Free Zones Law (Federal Law 8/2004)'s 9 indexed articles break down by obligation type as follows.
General — 9 articles
Financial Free Zones Law (Federal Law 8/2004) spans the following regulatory topics, as tagged by Lexara.
founding law
financial free zones
difc
adgm
federal
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What is Federal Law No. (8) of 2004 on Financial Free Zones: what a financial free zone is, how one is established, which federal laws apply inside it (all except federal civil and commercial law), and limits on licensed financial activity (Articles 1-9)?
Federal Law No. (8) of 2004 on Financial Free Zones: what a financial free zone is, how one is established, which federal laws apply inside it (all except federal civil and commercial law), and limits on licensed financial activity (Articles 1-9) is issued by the Federal (Cross-Regulator / Federal Decree-Laws) and has applied since 14 March 2004. It has 9 articles.
Who issues Financial Free Zones Law (Federal Law 8/2004)?
The Federal (Cross-Regulator / Federal Decree-Laws). Always check the authority's official publication for the binding text.
Can I search Financial Free Zones Law (Federal Law 8/2004) and ask questions about it?
Yes. Lexara searches the full text of all 9 articles and answers plain-English questions with a citation to the exact article.
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