It takes a great deal of planning, perseverance, patience and numerous resources including time and effort to set up a successful business. There are always many opportunities to expand the reach of your business ventures. When venturing into a bigger, more global market, it is understandable if there is some initial hesitancy.
But it is better to keep in mind the various benefits that can be availed in the long run once your business flourishes in the global market. It is not necessary for an expatriate entrepreneur to restart their business in an original market scenario.
There is always another way around. In this case it would simply be to open up a branch of the parent company, thereby protecting the brand of the original venture and retaining its goodwill.
Of course, there are numerous obstacles to overcome before achieving this pipe dream. The basic queries regarding setup a branch office in Dubai shall be attempted to be understood here.
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Any reputed organization in their home country will look to heed the following factors when considering its overseas operations.
- Get a feel of the local market overseas in order to identify and exploit future prospects in the target market.
- Opening a branch offers greater flexibility in handling operations.
- Gauge the potential of growth against your required investments.
It is recommended to launch your business branch before the Dubai 2020 Expo. To set up a branch in Dubai, various external bodies are involved in the approval process. In addition to the usual process of setting up a company in Dubai, the Ministry of Economy and Commerce, as well as the Ministry of Justice, are involved.
The basic norm for any foreign document to be valid in the UAE would be to get all original documents of the parent company attested from the Ministry of Foreign Affairs in your native country and UAE Embassy in your native country.
Next, the same sets of papers have to pass through the Foreign Affairs Ministry in the UAE and the Ministry of Justice for attestation. The next hurdle is a Board resolution that the owners of the parent company, along with their original documents, have to pass in order to establish the foreign branch.
A manager has to be appointed to represent the company. All the documents will have to be translated into Arabic since it is the local language in Dubai.
Commencement of the actual process is possible only when the documents are ready. Further approvals from various bodies like – the Department of Economic Development, Ministry of Economy and Commerce, Dubai Courts, etc., – are required.
It would be prudent to employ expert advice for the rest of the documentation process. If you require assistance to register your branch office in Dubai, get in touch with companysetup.ae.
To Speak with our Experienced Business Consultants for further information and assistance, call us at +971582595164. Send a WhatsApp Message for Chat Query on +971 582595164 or email us at info@companysetup.ae.
