The establishment of a branch office in Dubai is a method through which international investors and businesses may extend their operations in the United Arab Emirates. While the nation offers many advantages for establishing a business, there are also numerous advantages for establishing a branch office of a foreign firm in Dubai.
In order to guarantee that the company structure they choose best meets their commercial goals, investors do thorough due diligence before making a decision. Furthermore, because of Dubai’s important commercial position, establishing a branch office in the city provides you with a geographical benefit as well.
Businessmen from other nations who have well-established businesses or a strong brand value are looking for the chance to create a branch office in the United Arab Emirates. As a result, the authorities have made it simple and fast to open a representative office in Dubai or any other of the Emirates. In order to assist you in establishing a branch office in Dubai, the business professionals at Generis Global will take care of all of your business needs while also reducing the costs associated with establishing a branch office in Dubai.
If you wish to open a branch office in Dubai, United Arab Emirates, this is what you need do:
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Make a formal application.
For the purpose of establishing a branch office in Dubai, the foreign investor must submit an application to the Ministry of Economic Development. An agreement with the service agent must also be included with the application, and this must be done throughout the submission process. When establishing a representative office in the United Arab Emirates, it is essential to have a UAE citizen acting as your service agent throughout the procedure.
Obtain approval from the Ministry of Economic Development.
Once the Economic Department of Dubai or the emirate in which you want to establish your branch has given its approval, the UAE Ministry of Economy will issue a formal agreement on your behalf. As a result, the Ministry of Economy will forward the application to the appropriate local government authority for approval.
Obtain approval from the Federal Foreign Companies Committee of the United Arab Emirates.
The permission of the Federal Foreign Companies Committee is the next stage in the process of establishing a branch office in the United Arab Emirates. The application is then submitted to the committee by the economics department, along with a permission letter from the Ministry of Economic and Commerce for the particular commercial activity that the firm is engaged in dealing with.
Obtain a licence from the Ministry of Economic Development.
After the branch office has been approved by the aforementioned agencies, the business will be issued a ministerial licence by the Ministry of Finance. The licence that will be issued by the Ministry of Economy will also define the kind of commercial activity that the firm will be engaged in.
Obtain a Business License for your company.
The registration procedure for a foreign business wishing to open a branch office in Dubai will begin at this point in the process. In Dubai, the branch office will be registered with the local Economic Department, following which a Business License will be given to the organisation.
Register with the appropriate commercial authorities.
Once you have all of the necessary papers and permits in hand, you can register the branch office in Dubai with the appropriate authorities in the area and begin operations. The branch office in Dubai must be registered with the Ministry of Economic Companies Register as well as the Dubai Chamber of Commerce and Industry.
In order to avoid the time-consuming procedure of going from one commercial authority to another, contact Generis Global and we will take care of the rest on your behalf. In Dubai, Generis Global is a prominent business establishment service provider, providing company formation services to clients across the United Arab Emirates. So, if you would like to learn more about establishing a branch office in Dubai or the United Arab Emirates, how to start a company, or even what kind of business to start, please contact one of our business advisors immediately.