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A Dubai branch company is an ideal way for international companies to access the booming local Dubai economy. The following information will help you determine whether a Dubai branch company is the optimum solution to fulfill your Dubai business objectives: |
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Advantages of a Dubai Branch Company
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A Dubai branch company can be 100% foreign-owned. |
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Through a Dubai branch company, international companies and entrepreneurs rent business premises in Dubai. Alternatively, some clients request Healy Consultants' Dubai virtual office services to support their Dubai branch company. |
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International companies set up a Dubai branch company to access the local Dubai market and obtain UAE employment and residence visas for staff. Healy Consultants assists clients obtain permits to work and live in Dubai and the UAE. For further information refer to this webpage. |
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There are few restrictions on the activities of a Dubai branch company. |
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Healy Consultants help clients open a Dubai corporate bank account to support their Dubai branch company. Healy Consultants works with internationally-recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services. |
Disadvantages of a Dubai Branch Company
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Setting up a Dubai branch company is challenging. According to the World Bank's Doing Business 2010 Survey, the UAE is poorly ranked as the world's 33rd easiest place to do business. The survey measures factors including business start up procedures, time, cost and minimum capital required to start a business. |
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A Dubai branch company is expensive to set up, due to high government fees and corporate document notarisation/legalisation charges. For example, the corporate documents of the foreign company (e g Certificate of Incorporation, Memorandum and Articles of Association, Board Resolution resolving to participate in a Dubai Branch and Power of Attorney in favour of the Dubai Branch company manager) must be notarised and legalised in the country of incorporation of the parent company. In addition, these documents must then be legalised at the Ministry of Foreign Affairs in Dubai and then translated into Arabic. |
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In addition to the expense of fulfilling the above requirements, a Dubai branch company is required to obtain the following: i) Initial approval from the Ministry of Economy; ii) Annual registration fee for the branch at the Ministry of Economy; iii) A bank guarantee in favour of the Ministry of Economy (refundable when the business is would up); iv) A UAE auditor's fee for certifying the audited financial statements of the parent company. Healy Consultants will assist entrepreneurs fulfill these requirements. |
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Furthermore, a Dubai branch company requires a local UAE sponsor, in accordance with the UAE Commercial Companies Law. |
Contact Us | |
For more information on a Dubai branch company, contact email@healyconsultants.com or telephone us at (+65) 6735 0120. |
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Back to Dubai Company Formation page. |
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