1. In the event that the applicant is a corporate person established in the State, then the following conditions must be met:
A. The capital owned by Nationals shall be not less than 51%.
B. Partners, managers and consultants working for the corporate person shall have the conditions stipulated sub-articles (1), (2) and (3) of Article (5) of this Regulation.
C. The individual Consultant working for the corporate Insurance Consultant and shall meet all the conditions stipulated in Article (5) of this Regulation.
2. In the event that the applicant is a foreign corporate person, the following conditions must be met:
A. Be registered in his country of origin and licensed as a corporate Insurance Consultant.
B. To establish a branch within the State.
C. The branch shall have a UAE National sponsor.
D. To employ at least one individual Insurance Consultant whom must meet all the conditions stipulated in Article (5) of these Regulations.