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Open a branch office in UAE- cost, eligibility, requirements
Many companies open their business branches in the UAE. They more often carry out a business set up in Dubai and then expend it to free zone areas to do business. A branch office works under the parent company but in another country with the same name and operations. Opening a branch company in the UAE means a business already have a license to work in the UAE and like to open a branch office in the free zone. First, you need a local agent to set up a branch office. You must remember here that a local agent has no rights on the branch, but it is required by law only. Opening a new branch of the company is certainly not an easy task but with the help of right consultancy, you can do it. Precious point is the right place to get assistance. We deal with government authorities directly and take care of all requirements to set up a branch office in the UAE.
Precious Point business setup consultants provide you complete guidance, whether the formation of the new company, opening a branch office in UAE and getting a business license, our team of experts is available to guide you.
Benefits of opening a company branch in Dubai, UAE
Many companies already working in the UAE want to accommodate more customers in other parts of the country as well. The new branch not only increases their profit but provide other opportunities too:1. Business expansion
2. Strong presence in the country
3. Raise in revenue
4. A solid foundation of the company
5. Strong relation with a large number of clients
6. Branch work with same business activity as of parent company
Support services to open a branch office in Dubai, UAE
Precious Point is a leading business consultant company in the UAE and has helped numerous businessmen to get the answer to “how to open a branch office in the UAE†and set up a complete company. Once you send us an inquiry and provide us the opportunity to open a business branch for you in the UAE, we perform the following services:
- Apply for branch office and get a trade license
- Represent client in front of authorities
- Open a bank account for client
- Get a certificate from Labor ministry
- Get registration from UAE immigration
- Get client leasing permit and business office
Time to open a branch business in Dubai, UAE
It can take 2 to 4 weeks to open a branch in the UAE.Requirements to open a branch in Dubai, UAE
- Shareholder passport copy
- Manager passport copy and resume
- Each shareholder and manager personal information sheet
- Trade name reservation proof for a new branch
- Memorandum of Association notarized by a notary public of the UAE of existing business
- Article of association of existing business notarized by the notary public
- Board resolution passed by the board of directors showing the intention to open a new branch
- Trade license of the main branch
- Chamber of commerce certificate for the main branch
- Power of attorney on behalf of shareholders
- Address of new branch with the lease agreement
- Main branch company profile
Procedure to open a branch office in Dubai, UAE
In order to open a branch office in UAE, the international investor needs to send an application to the ministry of commerce and economics. During application submission, service agent agreement is required by law. The further procedure is defined below:1. Take approval from the Economic Department and jurisdiction authority
2. Approval from UAE foreign company committee
3. License from the ministry of commerce and economy
4. Obtain a business license
5. Registration with commercial authorities
Cost of setting up a new branch office in Dubai, UAE
Below are the standard fees of setting up a branch in Dubai including a trade license. For further information, you can send us an inquiry and make a call.
| Sr# | Estimated cost and fees | Amount (AED) |
|---|---|---|
| 1 | Application to Economy ministry | 5000 |
| 2 | Registration with Economy ministry | 10,000 |
| 3 | Bank guarantee deposited to ministry of Economy | 50,000 |
| 4 | License and registration with local government | 10,000 |
| 5 | Local agent fee | 15,000 |
| 6 | Professional fee to consultant firm | 22,000 |
All fees mentioned above are standard charges and can vary depending on government regulations. To get the exact cost of setting up a branch office in UAE send us a quick inquiry and get free advise instantly!
If you do not like to go through this hectic procedure and running from one ministry to another, just send us an inquiry and make a call. We can take care of all formalities. Speak to our free business consultants today to know more about how to set up business in UAE and what business to do in UAE.