Abu Dhabi Branch Office Formation |
|
||||||||||||||||
A branch office is another way to conduct business in Abu Dhabi. The following information will help you determine whether Abu Dhabi branch office formation is the optimum corporate structure to fulfill your international business objectives. |
|||||||||||||||||
| Advantages of Abu Dhabi Branch Office formation | |||||||||||||||||
| 1. | Abu Dhabi branch office formation is an excellent way for international entrepreneurs to invest in the ever-expanding and lucrative economy of Abu Dhabi. A Abu Dhabi branch office is permitted to promote and market the products of its parent compan, as well as enter into transactions and offer services to customers in its name.
|
||||||||||||||||
| 2. | Through an Adu Dhabi branch office, investors can obtain a Membership Certificate Abu Dhabi Chamber of Commerce and Industry, a mandatory requirement before a trade license can be obtained from the Abu Dhabi Municipality Department. Investors can also obtain local visas, rent Abu Dhabi business premises and open a local corporate bank account. Our preffered local bank in Abu Dhabi is the National Bank of Abu Dhabi. |
||||||||||||||||
| 3. | Abu Dhabi has an ever-expanding economy, with major new projects announced in the oil, gas and construction industries, as well as the tourism industry. An Abu Dhabi branch office is an ideal vehicle for parent companies to gain from the opportunities in these sectors. |
||||||||||||||||
| 4. | Abu Dhabi is the wealthiest Emirate in the UAE in terms of Gross Domestic Product (GDP) per capita, which is US$42,000 (2009 estimate). Moreover, Abu Dhabi is a good alternative jurisdiction to Dubai. |
||||||||||||||||
| 5.. | Although Dubai and Abu Dhabi are freqeuntly compared, Dubai relies heavily on tourism and has an overtaxed infrastructure, while Abu Dhabi is less reliant on foreign investment and is therefore more economically stable. |
||||||||||||||||
| Disadvantages of Abu Dhabi Branch Office formation | |||||||||||||||||
| 1. | Abu Dhabi branch offices are are limited in the activities they may conduct within the U.A.E. according to Article 314 of the Commercial Companies Law. For example, a Abu Dhabi branch office must appoint a U.A.E. national "service agent", who is not legally allowed to own equity or be directly involved in the management of the Abu Dhabi branch office. Typically, the service agent simply assists in the communication with the branch office and Abu Dhabi government departments. |
||||||||||||||||
| 2. | Potential investors should note that a minimum of two shareholders are required for an Abu Dhabi branch office. At least one of the shareholders must be an UAE national who holds at least 51% of the shares. Healy Consultants provides reliable nominee shareholder services to fulfill this statutory requirement. |
||||||||||||||||
| 3. | Following Abu Dhabi branch office formation, annual audited financial statements must be submitted to the Abu Dhabi government. |
||||||||||||||||
| 4. | In the Heritage Foundation's 2012 Index of Economic Freedom, the UAE ranks poorly as having the world's 35th-freest economy. However, Abu Dhabi is the wealthiest of the Emirates, so this ranking does not reflet Adu Dhabi individually. |
||||||||||||||||
| Healy Consultants fees for Abu Dhabi Branch Office formation | |||||||||||||||||
International entrepreneurs should budget US$23,100 to US$43,100 for Abu Dhabi branch office formation fees depending on corporate structure and professional services required. Please email us your requirements and Healy Consultants will provide you a tailored quotation. |
|||||||||||||||||
| Further information | |||||||||||||||||
| Refer to the following links to read more information on Abu Dhabi company formation: | |||||||||||||||||
| Contact Us | |||||||||||||||||
For more information on Abu Dhabi Branch Office formation, email email@healyconsultants.com or telephone us at (+65) 6735 0120. |
|||||||||||||||||
| Back to Abu Dhabi Company Formation page. | |||||||||||||||||
Buy Healy Consultants' Asia Business Set Up book, to order call +65 6735 0120 or e-mail email@healyconsultants.com
