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Branch of a Foreign Company or Representative office

Branch of a Foreign Company or Representative office

A branch of a foreign company must have a manager to speak to the company and to open the branch, appointed by the Board of Directors. The branch will turn into the company’s Dubai headquarters, and its business shall be liable to the arrangements of the laws of Dubai and the UAE
The branch can direct choose commercial and professional activities, however cannot import products into Dubai; this will be managed by a local trade or commercial agency. The branch office must have an autonomous spending plan, its own particular profit/misfortune statements and must appoint a UAE-accredited auditor. A Branch of Foreign company also required a Local Service Agent (LSA), who can be a UAE National or a company claimed by one or more UAE Nationals.
A representative office for Commercial Activities isn’t a business structure in its own particular right yet it is a business activity that a branch can lead. It has its own criteria, which incorporates the authorization to advance and market the parent company’s business – however not lead business operations. A Representative Office requires a Local Service Agent (LSA), who can be a UAE National or a company claimed by one or more UAE National.

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