A company registered in any part of the world can have its branch and representative offices in UAE .The branch is obligated to engage only in the same or similar activities undertaken by its parent company. The branch office is the extension of the parent company, and there for the parent company remains responsible for any liabilities of the branch office.
Foreign investor may consider different forms of ownership, including branch of a foreign company, free zone branch of a foreign company, Limited Liability Company (LLC). If the investor is interested in a different business activity, he shall register his venture in a different legal form such as a Limited Liability Company where he can hold up to 49% of equity ownership.
General Requirements for opening a Branch Office.
- Memorandum of Association.
- Certificate of Incorporation.
- Board Resolution for opening the branch and appointing Manager.
- Power of Attorney to the Manager.
- Good standing Certificate – To prove that the parent company is legally existing in the country of registration.
How DANBURITE helps the companies to open branch of foreign companies
- We helps to find a reliable Local service agent.
- Suitable office and location
- We help to obtain the ministerial approvals,
- We do all the required legal documentation, attestation and translation of the foreign company.
- We help the companies to open their corporate bank accounts.
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