If you already own a business elsewhere in the UAE? Dou you want to start a branch office in Dubai, UAE? Looking for a easy and quick branch setup in Dubai. With a branch office in Dubai, UAE is easy when done with the help of the experts. It is also the easiest way a foreign company can enter the market in the UAE.
If you already have a fully functional company in another country and you want to enter the Middle Eastern market, then a branch office in Dubai UAE is the way to go. Dubai is like the gateway to the Middle East. Its strategic geographic location allows foreign companies to connect itself to the whole region.
With a branch office in UAE, your company can perform business activities such as marketing products, selling goods and services, entering agreements, carrying out transactions, etc.
However, if the parent company is not allowed to perform a certain business activity, then the branch office in Dubai, UAE cannot perform that business activity as well.
Steps to Start a Branch Office in Dubai, UAE
You can either setting up a branch office in Dubai, UAE by yourself or with the help of the experts. However, if it is your first time starting any kind of company in the UAE, it is highly suggested that you seek help from professionals.
Any mistakes in the company formation process will cause some expensive backs that will cost you both time and money. As the result, the total cost will exceed the cost of hiring the professionals to start the company for you.
Here are the steps you need to follow in order to branch setup in Dubai, UAE:
1. Appoint an LSA (Local Service Agent)
The local service agent needs to be a UAE national (Emirati), and they will act as the intermediary between the relevant governing authority and you. They will obtain licenses, visas, permits, approvals, etc. for you.
Since a lot of the documents and official processes are conducted in the Arabic language, it is necessary for foreign companies to appoint a Local Service Agent.
If required, the Local Service Agent will share ownership of the company but will not take part in any operational or management activities of the company. They will not take a portion of the profit and will only require a minimal yearly fee.
2. File your branch office formation application
To get started, you need to file an application to the Ministry of Economy in Dubai. You need to obtain the initial approval from them to move on to the next steps. That is why you need to fill the application form carefully with authentic information that is free from any error.
Your local service agent will help you fill-up the application form to ensure that are no errors. A service agent agreement is also required to officially declare that the local service agent will be acting on your behalf to start the company.
3. Get Required approvals from the Ministry of Economy and Federal Foreign Companies Committee
You will need to submit the required documents to the Ministry of Economy to get their approval. You will also need approval from the Federal Foreign Companies Committee to start performing your business activities in the UAE.
The Ministry of Economy will forward the application to the Federal Foreign Companies Committee, so you do not need to worry about it. If everything turns out ok, then a permit letter will be sent, and you will get the approval for your branch setup in Dubai, UAE.
Source: https://www.companysetup.ae/how-to-start-a-branch-office-in-dubai-uae/
