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Discussion on Branch Companies

Brach Office: Definition: A smaller, remotely located office that is separate from a company's corporate head quarters, Which can carry out Similar Business Activities. -entrepreneur

Branch Companies in Dubai 1.Branch of a Foreign Company 2. Branch of a Local Company

Branch of a Foreign Company A Dubai branch company is a popular way for international companies to access the booming local Dubai economy. Advantages:- 100% Ownership Similar Business Activity Similar Trade Name Facilitates the Financial Transaction Easily Better control on Expenses

Branch of a Foreign Company Disadvantages Increased expenses for the Incorporation (Documentation / translation/ Attestation etc) Requirement of a Local Service Agent Registration with Ministry of Economy Initial Deposit ( Bank Guarantee) & Annual fees to the Ministry Incorporation is Challenging

Documents- Parent Company 1.Passport Copy of the Director 2.Certificate of Incorporation 3.Copy of License 4.Auditors Report 5.MOA 6.POA for Director 7.Board Resolution 8.Proof Of Projects Completed NOTE: All documents of the Parent Company must be attested by UAE Embassy in the Country of Origin. Branch Companies in Dubai

Local Service Agent Documents required from the LSA Passport Copy Jincia Emirates ID E Signature Card Copy Photo

Branch Companies in Dubai Phase -1 Legal Translation Attestation from Ministry of Justice Attestation from Ministry of Foreign Affairs

Phase -2 Trade Name Reservation ( DED) – Online Ministry of Economy Application Ministry Approval – AED 5000 Initial Approval ( Activity ) DED Branch Companies in Dubai

Phase -3 Local Service Agent Agreement Tenancy Contract Documents Required Initial Approvals ( DED & MoE) All Translated Documents attested by Ministry of Justice & Foreign Affairs Court Fees

Phase – 4 Tenancy Contract Approval from Land Dept & Municipality Submit all the Documents to DED for getting the License. Collect the Payment Voucher from DED Make Payment and obtain the License. Update Telephone & PO Box No. Register with Chamber of Commerce Prepare the immigration & Labor Card. Branch Companies in Dubai

Phase -5 Submit the Bank Guarantee undertaking for AED 50,000 to Ministry of Economy Pay the Registration Fees of AED 10,000 to Ministry of Economy & Obtain the Registration Certificate. ( Fees to be paid through E Dhs Card only) Branch Companies in Dubai

Cost Break -Up Initial Approval & Trade name- AED 320 Fees to DED – – ( Approx) Market Fees – 5% of the Office Rent Court Fees – AED 1000 ( Approx) Attestation Charges ( MOFA) – AED 2050 per document Attestation Charges ( MOJ) – AED 50 per Doc Legal Translation Charges – AED 100 per page Ministry of Economy – AED Bank Guarantee Deposit – AED Post Box – AED 570 Company Stamp – AED 100 License Amendment DED – AED 560 Immigration & Labor Card – AED 3500

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