Branch of Foreign Company formation
Branch of Foreign Company Setup in UAE
Setting up a Branch of Foreign Company in UAE is a popular choice for foreign businesses that are looking to expand their presence in the UAE market. Branch offices can help foreign companies establish a physical presence in the UAE and gain access to the local market, customers, and suppliers.
What is a Branch of Foreign Company in UAE?
A Branch of Foreign Company is a business entity that is registered under a foreign company’s name and operates in the UAE as an extension of the foreign company. It is subject to the foreign company’s management and control and is required to comply with UAE regulations.
Benefits of setting up a Branch of Foreign Company
Setting up a Branch of Foreign Company in UAE can offer several benefits, including:
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Access to the local market
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No corporate tax or income tax
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100% foreign ownership
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Ability to undertake commercial activities in the UAE
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Flexibility in business operations
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Simplified incorporation process
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Reduced capital requirements
Types of Branch of Foreign Companies in UAE
There are two types of Branch of Foreign Companies in UAE:
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Foreign Branch OfficeA Branch of Foreign Company that conducts the same business activity as the parent company.
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Representative OfficeA Branch of Foreign Company that is limited to promoting the parent company’s products or services, market research, and liaising with clients and suppliers.
Steps to set up a Branch of Foreign Company in UAE
The process of setting up a Branch of Foreign Company in UAE typically involves the following steps:
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Choose a registered agent or service provider
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Choose a business activity and legal structure
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Reserve a trade name and obtain initial approval
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Obtain legal approvals from relevant authorities
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Prepare and submit the necessary documentation to the registered agent
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Obtain a business license and register the company with the Department of Economic Development
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Open a corporate bank account
Documents required for Branch of Foreign Company formation
The documents required for Branch of Foreign Company formation may vary depending on the legal structure and business activity. However, some of the common documents include:
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Memorandum and Articles of Association
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Certificate of Incorporation of the parent company
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Power of attorney
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Board resolution
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Passport copies and visa copies of the shareholders and directors
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Proof of residential address
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Legal documents and contracts
How We Can Help You Setup Branch of Foreign Company?
At Nafa Consultant, we offer comprehensive Branch of Foreign Company formation services to help you set up your business in UAE. Our services include:
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Branch office registration and incorporation
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Assistance with obtaining business licenses and permits
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Corporate bank account opening
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Assistance with visa and immigration services
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Business plan and feasibility study preparation
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Virtual office solutions and office space leasing
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Legal and accounting services
Contact us today to learn more about our Branch of Foreign Company formation services and how we can help you achieve your business goals in UAE.
