Planmyfirm.com advisors assist you in the entire process of setting up a branch office in UAE subject to the provisions of the laws of Dubai and the UAE.
Foreign Company Branch or Representative Office
To open a branch of a foreign company in Dubai, a manager must be appointed to represent the company; the manager must have an approved motion by the Board of Directors to open the branch.
The parent company retains 100% ownership of the branch or representative office, which must operate under the same name and conduct the same business as the managing firm. There is no separate legal identity.
A branch or representative office needs to appoint a local services agent, who has no rights, interests or financial involvement in the business. This can be a UAE National, or a company owned by one or more UAE Nationals, who will manage the necessary government procedures and administration.
The branch office must have an independent budget, its own profit/loss statements and must appoint a UAE-accredited auditor.
The requirements for registering a branch office in Dubai differ, depending on whether the parent company and the branch are involved in commercial and industrial activities or professional Activities
3. Commercial and Industrial Activities
A foreign company can conduct trade, commercial or industrial activities in Dubai by registering first with the UAE Ministry of the Economy (MOE), then with the Dubai Department of Economic Development (DED).
Write to us today to find out more about how Plan My Firm can serve you in your new branch setup in Dubai.