An Overview to Setup Branch Company Formation in UAE Free Zones Presented by: Rehan Abid.

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Presentation transcript:

An Overview to Setup Branch Company Formation in UAE Free Zones Presented by: Rehan Abid

About Me REHAN ABID (SME Consultant) Associate Engineering, B.Sc. Textiles Team Member Since September 25, 2011

Agenda Defining Branch Company Types of Branch Companies Branch & Rep Offices Document Requirements & Attestations Branch from UAE Cost of Setup Why ADAM Consulting Q & A

Branch Company A Branch is a representative office of a legal entity that already exists outside of the Free Zone. A Branch does not have a separate legal personality, and it derives its power and authority from the parent entity. A Branch must have a General Manager who is responsible for the day-to-day operation of the Branch, but it will not have a board of directors or company secretary. A Branch must retain the same name as the parent entity

Types of Branch Company Foreign Branch (BFC) - A foreign affiliate that is legally a part of a firm residing outside of the UAE Local Branch (BLC) - A domestic affiliate that is legally a part of a firm residing in the UAE

Branch & Rep Office A branch office is permitted to promote and market the products of its parent entity & It can enter into transactions and offer services to customers. Representative offices are only allowed to promote/market the business activity of parent company but cannot enter into a transaction in the name of its company

Document Requirement Branch from Abroad Business Plan / Profile Certificate of Registration Memorandum & Articles of Association Board Resolution Specimen Signatures of the Manager Manager Passport Copy Audit Report of Parent Company

Attestations I.Legal Translation (if the originals are in other then English language) II.Notarization III.Attestation from UAE Embassy (In Home country) IV.Attestation from MOFA (In UAE)

Branch from UAE License Copy Memorandum of Association Copy Share Certificate Copy Chamber of Commerce copy Board Resolution Original Passport copy of Manager Letter stating Branch opening in FZ Specimen signature of the Manager

Elements Trade name Reservation Provisional Approval Memorandum and Articles of Association License

Cost to Set up Share Capital: For Branch companies there no share capital requirement in Free Zones JurisdictionCost to Incorporate (AED)ADAM FEE JAFZA Registration Fee License Fee ,000.00

Why ADAM Consulting? Hassle-free incorporation Competitive Rates ISO Certified Experienced Team Global Presence Online Access

Questions & Answers

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