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International entrepreneurs and Foreign investors widen their business by opening a branch company or a representative office in Dubai. UAE provides various advantages in setting up a company, in the same way, there are also several benefits involved in opening branches of foreign companies.
Business Enterprises always have the desire to open a branch office in Dubai, UAE due to its strategic location and various business opportunities. Taking this into consideration, the authorities have made it easier to establish a branch office in Dubai or any other Emirate.
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The first step is to apply with the Ministry of Economic and Commerce. The most important thing to be noted is that during submission, a service agent agreement also needs to be provided. It is mandatory to have a UAE national as your service agent during the process of establishing a branch company or representative office.
Only after approval by the Economic Department of the locale, the UAE Ministry of Economic and Commerce will provide an agreement. The Ministry of Economic and Commerce sends the application for consent from the local government.
One will have to obtain approval from the Federal Foreign Companies Committee to start a branch office. The application is forwarded from the Economic Department to the committee. A permit letter from the Ministry of Economic and Commerce about the business dealt is also forwarded by the economic department to the committee.
Once the branch office is approved by the authorities, the ministerial license is provided to the company. The license provided by the Ministry of Economic and Commerce will specify the business activity undertaken by the company.
The business license will be issued when the branch office is registered by the local Economic Department.
After acquiring all the licenses and required documents, one can register with the commercial authorities in the region. The branch company or representative office in Dubai needs to be registered with the Ministry of Economic and Commerce Companies Register and the Chamber of Commerce and Industry.
The process is lengthy and you will have to run around from one authority to another. You can call us, Black Swan Business Setup if you wish to avoid the hassle. We Black Swan Business Setup is a service provider in Dubai offering company formation services all over UAE. In case you need to get clarified in different areas like how to start a business in the UAE, or even what business to start, you can speak to our consultants. Blackswan BSS can help you in step by step to Start a Branch Office in Dubai.
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Originally posted 2021-09-29 05:34:45.