A popular way for foreign companies to retain 100 % foreign ownership in the United Arab Emirates (UAE) is to open a branch or representative office. These offices do not have a separate legal identity but are treated as an extension of the foreign company, which remains liable for their activities.
A branch office can engage in commercial activity in the UAE and can earn profits. It is licensed for the purposes set out in its commercial license but may only engage in activities similar to those carried on by the foreign company in its home jurisdiction.
A representative office is not permitted to earn profits within the UAE and the activities it may undertake in the UAE are limited to marketing and / or promoting its foreign parent company products and services.
Branch and representative offices share many similar features, as both operate under the authority of a commercial registration and license in the name of the foreign company – and both are required to appoint a local services agent, who must be a UAE national. The process for establishing either a branch or representative office is therefore largely the same.
Step involved in Branch Setup in Dubai:
Step 1: Identify local services agent
Step 2: Trade name reservation and initial approval
Step 3: Apply to the Ministry of Economy
Step 4: Obtain license from the Department of Economic Development
Step 5: Completing the administrative tasks
Step 6: Becoming a member of the Chamber of Commerce and Industry
Our UAE presence allows customers to start representative office in Dubai or any other emirate quickly. So, come to Victory Venture for business setup in Dubai or if you are planning to open a branch office in Dubai. We are the most efficient company in Company Formation consulting, boasting high success quotient and affordable fees.
For branch office setup in Dubai contact us at +971 50 496 0033 or Email us on email@example.com.