Business life in Abu Dhabi is governed by federal and emirate laws. All business activity in the UAE must be covered by a license key bodies with responsibility for the licensing of incoming business in Abu Dhabi are the Municipality (in either Al Ain or Abu Dhabi), the Abu Dhabi Chamber of Commerce and the Federal Ministry of Economy and Commerce. Licenses vary, although all are valid for one year they cover general trading, transportation, service, industrial and contracting. Further the Abu Dhabi Government issued the local law No. 5 of 1998 concerning the procedures of issuing the licenses in the Emirate. Accordingly, licenses issued by respective concerned authority shall be categorized as: