Foreign companies can retain 100 percent foreign ownership in the United Arab Emirates by opening a branch office. The branch office is basically an extension of the foreign parent company. It merely represents the parent company and carries on business under its name. Usually, a branch office may promote and market the products of the parent company, enter into transactions and conclude agreements in the name of the parent company, and offer services to its customers.
THE APPLICATIONS TO SET UP A BRANCH OF FOREIGN COMPANY
The application to setup a branch office of a foreign company must contain the trade name, legal form, address of headquarters of the foreign company and the country where it carries its activities, name of national agent (if the agent is a legal entity, then its legal form), capital, names of partners, their nationality, and addresses. The next step is to obtain the name reservation from the Department of Economic Development (DED) and apply for an initial approval from the Ministry of Economy for opening the branch office in Dubai.
The Memorandum, Articles of Association and Certificate of Incorporation must be translated into Arabic and duly notarized.
Once the initial approval is obtained, the following documents must be submitted in the Department of Economic Development and submit the following documents:
Once the Dubai branch obtains its initial approval from the Department of Economic Development it can register with the Chamber of Commerce and Industry and start operating.
Our business experts at DANBURITE CORPORTAE can assist you in your end to end business setup needs, for more details please write us on firstname.lastname@example.org or call us on 971 56808009
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