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.