It is a smart move to open a branch office license in Dubai as it would help to market the foreign investors to continue with the brand of their established company. The branch office can start working with their disparate business activities such as consulting, trading, tourism and many more. There are many numbers of companies at present spreading their wings under the name of branches in Dubai. Therefore, if you got a business, then what is the best time to explore than in the event of Dubai 2020. Buckle up and get ready for something newer and bigger.
Dubai works normally on two different types of foreign company branch and they are the Representative Office and the Branch Office.
The Branch Office is the representation of the parent company where it works with the same activity and the trade name. In this type, one can promote, market the product, service and operate the business activities in the market.
The Branch Office can be opened both in the free zone and the mainland. The branch offices are more convenient to open because they can engage all the companies working under it to make profit. So, if anyone willing to open a branch office in the country of UAE, then they will have to be registered under the Limited Liability Company. Civil establishments or the sole companies cannot make it to the rep office or the branch office. Also, they can hold 100% of the ownership, whereas the local sponsor would play the role of an agent.
Opening of Branch Office in Dubai
A representative Office works under many limitations and restrictions. They can only market and advertise the parent company’s service and products. They are also eligible for the promotional business for the service and the products.
Documents Required for the Branch and the Representative Office
- Certificate of incorporation
- Associations and article’s memorandum
- Good standing certificate
- Attorney power for the appointment of the general manager
- The audited statements of the company’s last two years
- Resolution of Board– to open the rep office/ branch office and for the appointment of general manager
The prime point to remember is that all the documents must be translated in Arabic, properly documented in the UAE embassy, ministry of Justice and foreign ministers.
The other documents that would be needed are the
- General manager’s passport copy
- The passport copy of the UAE’s local agent
- EJARI and the contract of office tenancy.
To know more in detailed format, log on to companysetup.ae
