How to Open Branch Of Foreign Company Setup In Dubai, UAE?
An existing business can extend as an office with the same legal identity as of existing business. It is like any parent company opens it’s another branch with the same name. To promote its business and marketing of the products. It is a very fruitful and profitable business in the UAE. If they go into to Foreign Company Branch Setup in UAE.Branch Of A Foreign Company In Dubai
For opening a foreign company branch in Dubai, a local service agent (LSA) is required. Foreign company formation in Dubai can be done with the help of business setup consultants, they will help you to perform administrative functions of obtaining permits, visas, and licenses, etc.
The process and documents required to Setup a Branch of a foreign company in Dubai
- Apply application to the Ministry of Economy (MOE) for approval.
- Reserve the trade name and initial approval of the relevant Dubai’s department of economic development (DED).
- After getting approval from MOE, then submit a further application to the department of economic development (DED).
- Then DED will issue a commercial license to a representative office. Annually it can renew and it is valid for a year.
- After this the process for leasing office space get starts.
- Then your company’s branch can open bank accounts in Dubai, can obtain visas, and labor cards for your employees.
- After having bank accounts, you can register as a member of the Chamber of Commerce and Industry. business setup in uae
Benefits of Opening a Branch Office in Dubai, UAE
Parent Company Retains all the money: The money earns by branches of foreign companies has no corporate tax charged by UAE. In this way the parent companies can retain all the money with them can enjoy the UAE’s favorable tax system.
Globalized Location of UAE: The UAE has a perfect location from the business point of view, which means you do business globally, and can reach your clients in Asia, Africa, and Europe easily.
Easy Operations and audit processes: There is no need to set up separate finance functions for the branch office in Dubai. The administrative processes and all other operations are easy to handle in the branch office. So you can open a branch office in Dubai easily and in no time. Tracking of branch office and parent company can be done legally, therefore the audit can be done easily.
Exposure of new market: It requires a big capital amount and many legal formalities to open a new business. As the foreign company formation cost is affordable to open a branch of a foreign company in Dubai. Exposure of the new market of UAE is beneficial for the parent company and it is a cost-effective way of entering the market of UAE.
Open a branch office of your foreign company in Dubai or anywhere in UAE efficiently with the help of Business Link and expand your business easily. You can contact us if you have any doubt about foreign company formation cost in UAE and can get guidance from our professional consultant Setup your company branch office in UAE with us.