The legal status of the licenses which can be operated
within Sharjah Airport International Free Zone can be classified as here under.
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
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