Get Branch License in Dubai with the help of our industry experts
Dubai, one of the leading business centers in the Middle East, provides a welcoming atmosphere for foreign businesses to open branch offices and develop their operations. Businesses can take advantage of Dubai’s dynamic economy and its advantageous location, first-rate infrastructure, and welcoming tax structures by opening a branch there. Here is a step-by-step manual to assist you if you’re considering opening a branch in Dubai.
It’s crucial to familiarize yourself with the legal framework controlling foreign branches in Dubai before starting the branch license application procedure. Under the Commercial Companies Law and accompanying rules, international corporations can open branches in the United Arab Emirates (UAE).
A local agent must be a UAE national or a business entirely owned by UAE nationals to open a branch in Dubai. The local agent serves as a liaison between your branch and the relevant government agencies. They will help you comply with local laws and help you acquire the required licenses and permissions.
Find out what your branch does for a living, as this will affect the kind of license you need to get. Trade, services, manufacturing, and consulting are just a few business pursuits in Dubai. It’s critical to choose the activity that best fits your branch.
Pick a distinctive trade name for your branch and ensure it complies with the requirements laid down by the Department of Economic Development (DED). The trade name should accurately describe your company’s operations and be registrable. Send the relevant paperwork and the trade name reservation application to the DED.
To move forward with the branch licensing application, gather the required paperwork, which usually consists of a Branch registration application form.
- The parent company’s memorandum and articles of association.
- A board resolution approving the branch’s formation.
- The parent company’s incorporation certificate.
- Parent company’s financial accounts that have been audited.
- Appointment of the local agent via power of attorney.
- Copy of the branch managers’ and local agent’s passports.
- Office space rental contract.
- From the parent firm, a letter of no objection.
After assembling the necessary paperwork, send the branch licensing application to the DED. Make sure all the forms are correctly filled out and signed. Any inconsistencies or missing information could cause delays or the application’s rejection.
Pay the requisite fees for the branch license, trade name reservation, and any necessary additional licenses. Depending on the nature of your business and the location of your branch, the cost structure could change.
The DED will assess your paperwork and do the necessary background checks after you’ve submitted your application. You will be given preliminary permission for the branch license if there are no problems. The Ministry of Economy and the Dubai Municipality, among other pertinent government agencies, will need to grant their permission.
You must rent office space in Dubai as part of the branch license criteria. The office must be acceptable for your business operations and meet the DED’s minimal space specifications. Obtain the Ejari (lease registration) certificate and the tenancy agreement, which are necessary for completing the branch licensing.
Submit the relevant paperwork to the DED, including the lease agreement and the Ejari certificate, after you have received the required approvals and an office location. You will receive the branch license after verification, enabling you to run your branch in Dubai legally.
Remember that this guide offers a broad overview of the Dubai branch license application procedure. To make sure that you comply with the most recent laws and requirements, it is advisable to get professional advice from neighborhood business consultants or legal companies. Establishing a branch in Dubai may be a fruitful endeavor that creates new prospects for your company in the Middle East with the correct planning and assistance.
