1 / 16

Good Morning

Good Morning. 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. Branch of a Foreign Company

natala
Download Presentation

Good Morning

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Good Morning

  2. Discussion on Branch Companies

  3. 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

  4. Branch Companies in Dubai Branch of a Foreign Company Branch of a Local Company

  5. 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

  6. 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

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

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

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

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

  11. 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

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

  13. 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)

  14. Cost Break -Up • Initial Approval & Trade name- AED 320 • Fees to DED – 15000 – 18000 ( 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 15000 • Bank Guarantee Deposit – AED 50000 • Post Box – AED 570 • Company Stamp – AED 100 • License Amendment DED – AED 560 • Immigration & Labor Card – AED 3500

  15. Sumesh Paul Meledath

More Related