A Branch of a Foreign Company must have a manager to represent the company and to open the branch, appointed by the Board of Directors. The branch will become the company’s Dubai headquarters, and its business shall be subject to the provisions of the laws of Dubai and the UAE.
The branch can conduct selected commercial and professional activities, but cannot import goods into Dubai; this will be managed by a local trade or commercial agency. The branch office must have an independent budget, its own profit/loss statements and must appoint a UAE-accredited auditor.
A Branch of Foreign Company also requires a Local Service Agent (LSA), who can be a UAE National or a company owned by one or more UAE Nationals.
A Representative Office for Commercial Activities is not a business structure in its own right but it is a business activity that a branch can conduct. It has its own criteria, which includes the authorisation to promote and market the parent company’s business – but not conduct business operations. A Representative Office requires a Local Service Agent (LSA), who can be a UAE National or a company owned by one or more UAE Nationals.
How we can help you.
- We closely interact with clients to handle their incorporation from starting point to finish line and assist
- Prepare their business plan, getting approvals and clearances from various departments
- Drafting LSA agreement
- Finding local partners, helping to open bank accounts, assisting to find proper office location
- Handle other documentation formalities
- The span of time to form a civil company will be approximately 1-2 weeks from the date of receipt of all required documents