Opening a branch office in Dubai
If you are looking to set up a branch office in Dubai, then Probity is here to incorporate it for you. We take care of your complete business set up cycle and drive it from start to end. We enable a business environment where you can grow and set your roots with complete legal permissions. We facilitate all the requirements pertaining to the branch of a foreign company in Dubai.
Why open a branch office in Dubai?
A branch office in Dubai would be your subsidiary of a parent company located overseas. The objective of a branch office is to endorse and promote the services and products of the parent company, emerge into transactions, tie-up agreements through the name of the parent company and provide services to customers. A branch office in Dubai is perfect for synchronised industries such as Banking, Financial Services, and Insurance (BFSI). There are many company set up services those who help you with setting a company at affordable cost of setting up branch office in dubai.
Why Select UAE As Your Subsequent Branch Office Destination?
The market in the Middle East offers tremendous potential and opportunities for success when it comes to initiating a business. Several global corporations have clients in the UAE and they integrate their parent company to commence business and then make a decision to further their influence in the market by opening a branch office in Dubai.
UAE’s tactical location is a significant factor why companies look forward to it as their route to success. It is a good lane between the main Western and Eastern countries. It is a crucial point for both export and import operations generating a destination that is truly valued.
The preferable time zone is a mixture of both western and eastern business hours that provides access to 2.2 billion customers.
Most importantly, the UAE government has offered tax-free policies and several business incentives that empower international organizations in opening a branch office in Dubai.
Steps for opening a branch office in Dubai:
For setting a branch of a foreign company in Dubai, the subsequent steps need to be followed:
Employ a Local Services Agent (LSA)A local service agent should be a UAE national or a company entirely owned by UAE citizens, appointed after signing a written agreement upon negotiation. However, they do not participate in any management, operations, or ownership of the office.
Application for Trade nameThe second step is submitting an application to the Department of Economic Development (DED) of the relevant Emirate for trade name reservation and initial approval of the branch.
Application for approval from the Ministry of Economy (MOE)To acquire preliminary approval from the Ministry of Economy, the following documents need to be submitted:
- Application form
- Trade name reservation certificate
- Certificate of incorporation
- Certificate of good standing
- Memorandum & articles of association
- Audited accounts of the parent organization for the last two years
- Notarized agreement with the Local Service Agent
- Board resolution approving the opening of a branch office
- Passport copy of the general manager’s and the power of attorney in favor of GM according to the board’s resolution
- Initial approval by MOE
- Parent company’s incorporation certificate
- Local bank deposit certificate
Commercial LicenseThe approval of the Ministry of Economy is issued to the Department of Economic Development of the relevant Emirate upon submission of an application and a few required documents.
Obtaining VisasAfter approval of the commercial license, the company is responsible for acquiring employment visas and labor cards for employees, opening bank accounts, as well as, leasing an office space for operations.
Registration at Chamber of Commerce & IndustryThe last step in successfully setting up a branch company in UAE is submitting an application, copies of commercial license, passport copies, and lease agreement copies to the Chamber of Commerce & Industry. At an affordable cost of setting up branch office in dubai you can get your bushes established with the help of Probity Corporate.
Seeking approvals and getting licenses from the Ministry of Economy can be a daunting task. However, all of it can be made easier and convenient by getting things done for you in less time. You will find continual support assistance with partner-based and experience-based consulting. We offer solution maps to market-entry with proven strategies in the frontline for over 20 years now. Setting up a branch office in Dubai gives a competitive advantage to a foreign well-established business. At Probity, we’ll get your business set up in Dubai at a rate of knots.
Our efficient and doable models ensure that all the protocols are met diligently. All that you need to get started with a company of your own would be at your disposal. Be it application filing or gaining approvals from the UAE government and semi-government authorities, we’ll take care of everything. Simply put, if you want to start a business in Dubai, then we are here to assist you. You can rest assured about the cost of setting up a branch office in Dubai as we have it figured all for you.
Why Probity Corporate?
Our branch office setup services have years of professional experience, and therefore, have developed connections with public departments, tendering consistent bureaucratic solutions for foreign business units.
Our services make the cost of your dream affordable. With reasonable Dubai branch office set up charges.
We also translate all documents from English to proper Arabic before submitting them to any UAE authorities. We will enhance the establishment process of the branch of a foreign company in Dubai in a resourceful manner.
Frequently Asked Questions (FAQ's)
Q.1 Is a local service agent needed for opening a branch office in Dubai?
Yes, a local service agent (LSA) is to be compulsorily appointed to open a branch office in Dubai. They can be a UAE national or a company entirely owned by UAE Nationals.
Q.2 Is there a need for a physical office for setting up a branch of a foreign company in Dubai?
Yes, a branch office in Dubai must have a physical office. A copy of the property lease conformity of the branch office in Dubai should be handed over to the DED after approval from the MOE has been obtained.
Q.3 How much is the cost of setting up a branch office in Dubai?
The precise fee will be decided as per the company's legal structure and the selected free zone or mainland . The costs for the registration of a company in a Dubai-free zone remarkably vary. However, the cost of setting up a branch office in Dubai is easily affordable with Probity Corporate. Cost of setting up branch office in Dubai is considerably lower with Probity Corporate.