how-to-register-branch-of-foreign-company-in-dubai
Incorporating a branch of the company formation in Dubai or in UAE is a good option and a common way to get foreign ownership. This practice is considered better because it lets the companies get 100% ownership from their parent company. The forms are treated as a foreign company’s extension which is the reason why forms do not have their own legal entities.
For the business set up in Dubai, the branch of the parent company formed in UAE will get the permission to carry out the commercial activities as per its wish. For setting up a branch of a foreign company in Dubai one of the most important things parent company has to keep in mind for the company formation in Dubai is that the services they provide in their branch company should be similar to the ones provided in their parent company.
Find more details: How to start a business in Dubai
Having an idea regarding the legal structure of the company is required by the parent company. For this purpose, the company needs legal advice from legal consultants. The legal consultant will give a legal opinion and the company will be formed as per the choice of the client.
The national service agent appointed by the client should be a UAE national. If not, the company must be owned by the nationals in UAE. Legal agreements and power of attorneys have made it possible for the clients to create LLCs with 100% ownership.
Here are the necessary documents required for branch formation. To note is that these are not the limited documents. There may be other documents required for different clients based on their company needs and they must carry them out according to the demands for proper company formation or setup company in Dubai.
The documents submitted for the formation of the branch company must be notarized beforehand. The documents should be attested and notarized at the home country of the applicant followed by the attestation by the relevant consulate of UAE. The process of notarization is time taking so it would be better if it gets carried out as early as possible.
The official translator must translate all the documents before presenting them in front of the authorities.
After notarization and translation of the documents, they are to be presented to the sovereign for the management of the application process to be conducted properly. For the sake of licensing, Department of Economic Development is to be contacted.
A branch of any foreign company can get 100% ownership in UAE
A company doesn’t need to show more than 2 years of experience since incorporated in its home country.
Any activity that is legally approved can be carried out anywhere in UAE including the free zones but the license is surely required for them.
The capital requirements have been totally waived off by the government in UAE for the foreign business formation.
With advantages, there are some limitations for the businesses as well;
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