A company in this category is formed to act as the branch or representative entity form of foreign company. The commercial company law stipulates that such companies must have a 100% foreign ownership. However, a local service agent must be appointed. Only a UAE national or company’s 100% owned by UAE national can be a service agent. The local service agent will not be involved in the activities of the foreign branch, but assist the company in acquiring visas, labor cards etc. The service agents are paid a lump sum and/or profits on turnover. In general, branches and offices of foreign commercial companies are not licensed to engage in importing activity except for re-export or in the case of products of a highly technical nature. Branch office will be required to complete the same activities of the parent company and Branch office is not considered a separate legal entity form the foreign company.
Documents required for Initial Approval:
Documents required after getting the Initial Approval:
The following are the steps involved in the formation of a branch/representative firm:
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Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.