Dubai Branch Office of a Foreign Company License
As per the Commercial Companies Law, Branch Offices of Foreign Companies in UAE can be 100% owned by foreign nationals, provided a Local Service Agent is appointed. A Local Service Agent is paid a lump sum, but has no direct involvement in the business. THE NEXT ERA GROUP OF COMPANIES will provide the advantage of corporate partnership acting as the local service agent.
Though legally regarded as part of its parent company, branch office is essentially a fully formed business permitted to conduct all activities that are similar in nature to its parent company. The UAE issues this license to any company provided that the Head Office (or Mother Company) is located somewhere other than within the UAE’s borders.
For this license one must have an office space in Dubai. Next Era can help you to identify such premises.
Company Type
Branch of a Foreign Company
Licensing Authority
Department of Economic Development Dubai
Legislation
UAE Companies Law
Confidentiality
Complete Confidentiality
Accounts and Audits
Mother Company’s Audited Accounts Required
Minimum Share Capital
No Minimum Share Capital
Taxation
No taxes
Currency
UAE Dirham
Time to Form
10 working days
Issuance of Visa
10 working days
Local Sponsor Requirement
Local Service Agent is required
Foreign ownership
100%
Office Space Required
A 1 year Tenancy Agreement for Office Space is required in order to issue the Trade License.