| Legal Status |
| 1.Branch of a Company:
|
| |
Companies
established in U.A.E or a foreign country may establish
a branch in SAIF-Zone. Branches are of two types
classified as hereunder |
| |
1.1 Branch
of a Foreign Company |
| |
A company situated
in a foreign country, if so authorised by it's documents,
can establish a branch of their company in SAIF-Zone.
The SAIF-Zone branch of such company shall have
the same name as that of the parent company. |
| |
1.2. Branch
of a U.A.E (Local) Company |
| |
A company established
in U.A.E, if so authorised by it's documents, can
establish a branch of their company in SAIF-Zone.
The SAIF-Zone branch of such company shall have
the same name as that of the parent company. |
| |
|
2.Free Zone Company (F.Z.C)
|
| |
Two or more legally
capable persons natural or juridical can establish
a Free Zone Company in SAIF-Zone with a minimum
capital of AED.150,000/- or it's equivalent in US
Dollars. In normal cases the maximum number of shareholders
is up to 5 and if approved by the SAIF-Zone management
the maximum number of shareholders can go up to
7 shareholders. Liability shall be limited to the
FZC's share capital. |
| |
|
3.Free Zone Establishment
(F.Z.E)
|
| |
A legally capable
person natural or juridical can establish a Free
Zone Establishment in SAIF-Zone. In other words
there shall be only one owner (shareholder) in a
Free Zone Establishment. The minimum amount of capital
required is AED.150,000/- or it's equivalent in
US Dollars. Liability shall be limited to the FZE's
share capital |
