How to open branch of a foreign Company in Dubai?
There are many companies in the world who have strong background in the business stability and finance can start their one of the branch in any other country. A reputed organization is able to connect their mode of services or products to many people based on the coverage of market. For entering to a foreign market Dubai can be the best option among the other cities in Middle East. UAE nation gives the best opportunities for business people for their startup in the safe and secured mode compared to any other nation in the World. If your take the report of the number of corporate companies all over the world will have their one of the foreign branch in Dubai. As the government of UAE provides the easiest way for the company incorporation procedures compared to other nation. There comes many tax free areas for creating excellent business setup to attain many inbuilt benefits.
Once the parent company is being established the process of starting a branch to run business in any country like Dubai. Since Dubai acts as the commercial hub of the oil business a branch of foreign company is more preferred to open at Dubaifreezone. As you know that the existing business is just having one of its wing at some other location like Dubai city. So that Branch of a foreign company in Dubai is not considered as a separate legal entity, but the trade activities are carried out normal under the same company name. A foreign branch of a company is like creating the marketing services globally for more distribution of products or services. While starting your foreign branch in Dubai the business can be covered to each part of transportations like airways, waterways, land.
Basic information- Branch startup
Let us the basic information required for the opening of branch office of the foreign company in the free zones of Dubai as follows:
To open branch of foreign company in Dubai, the major requirement is the availability of trading license from the Ministry of Economy and Commerce. The license should contain the details like the business actions on the parent company name at Dubai free zone. For these process to be carried forward in Dubai, you are supposed to arrange an agent who are specialized in this business services in UAE nation from very longer time period. An agent with such an experience can be able to resolve the activities in the business branch office setup for a company in an easy way.
Being a business consultant in Dubai, Corp roots are capable of doing such business services for most of the valuable investors. We assist you for the benefit of your business to get a stability for the future. We help you to appoint a UAE national or partners to act as an agent to the company. These agents in the company can able to offer services for their branch to avoid the financial liability. These agents and their rights in the company is included in the business agreement for the future reference.
Documents Required:
Initial approval- Documents
- Application registration and license
- The trade name reservation for the legal form of registration
- Foreign company location address is required the activities are carried out
- The nature of activity to implement in UAE
- National agent- name
- Names of the partners (nationality and addresses)
- Memorandum of Association (MOA) and Articles of Association (AOA) of the parent company (It is being translated to Arabic) documents are attested and notarized by the U.A.E Embassy
- Board of resolution of Parent company copy is required to represent the new establishment of branch office
- Company Incorporation certificate copy is required for the attestation and notarization by the UAE embassy with its translation to Arabic language.
- Lease agreement is arranged with physical address and feasibility study, if required
Once the initial approval process is started processing then the concerned authorities of this check for out and then sent a letter to the applicant if satisfied. The applicant has to submit the final approval process after receiving the initial approval letter from the authority.
Final approval- Documents
- Initial approval letter has to be submitted by the applicant at first
- All other necessary documents should be submitted
- Leasing agreement of the office with plot number
- The contract signed with the national agent which is signed by the public notary
If the final approval is under the finishing stage then the branch office of foreign company can be setup at the Dubai location of free zones to acquire 100 percent ownership. The profit or loss statements should be a separate one in the setup business. An auditor will be there by the UAE government about the financial statements of the company.
The complete initial approval to the final approval process are managed by a business consultant like us for the completion of work on time as per the requirement of the parent company to their branch in Dubai.
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