Presentation is loading. Please wait.

Presentation is loading. Please wait.

Good Morning Discussion on Branch Companies Brach Office: Definition: A smaller, remotely located office that is separate from a company's corporate.

Similar presentations


Presentation on theme: "Good Morning Discussion on Branch Companies Brach Office: Definition: A smaller, remotely located office that is separate from a company's corporate."— Presentation transcript:

1

2 Good Morning

3 Discussion on Branch Companies

4 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

5 Branch Companies in Dubai 1.Branch of a Foreign Company 2. Branch of a Local Company

6 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

7 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

8 Documents- Parent Company 1.Passport Copy of the Director 2.Certificate of Incorporation 3.Copy of License 4.Auditors Report 5.MOA 6.POA for Director 7.Board Resolution 8.Proof Of Projects Completed NOTE: All documents of the Parent Company must be attested by UAE Embassy in the Country of Origin. Branch Companies in Dubai

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

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

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

12 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

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

14 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) Branch Companies in Dubai

15

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

17 S u m e s h P a u l M e l e d a t h


Download ppt "Good Morning Discussion on Branch Companies Brach Office: Definition: A smaller, remotely located office that is separate from a company's corporate."

Similar presentations


Ads by Google