There is a lot of option for the people looking forward to company formation in the UAE free zones. Different people with different priorities form their businesses in different free zones because they have their specific qualities and properties. Although the number of people forming the business in the mainland is not fewer still people prefer free ones because it allows them f100% ownership rights.
In the free zones in UAE, the company gets to have all the rights over all the business activities that take place in the company. The company branches formed in UAE free zones d not possess a separate legal individuality. They get the identity passed from their parent company. This means that the branch companies in UAE can only provide the serves of their parent company and nothing new or different.
Forming a branch office in Dubai mainland does a lot of good to the company click here to get informed about the requirements. Not just that it lets the company in joining a new foreign market but also helps itself in gaining a new insight while making more money than before.
Setting Up a Branch Office in the UAE Free Zone
The processes for forming a company in free zones are very simple and easy. You can complete the process of company formation at DAFZA free zone in UAE by the help of FAR consulting Middle East in just 4 steps;
Contact the Agent
By contacting and taking the help of an agent or legal company formation specialist, you get to cover the whole process quite early. They have better experience to complete the legal processes in a relatively shorter time. They can also give you the best piece of advice about your branch office. So, you must take their help to complete the things while you are still in your own country.
Choose the Company Structure
The needs of your business while helping you choose the company structure. A representative office, management office, shareholder office, branch company and other different structures are usually used.
Complete the Paperwork
For a branch office, you must complete the paperwork accurately. If you commit mistakes in this step, you yourself will delay the registration process. So, make sure to be very careful while assembling your documents needed for company formation.
The important documents you may need as mentioned below;
- Incorporation certificate
- Memorandum of association
- Article of association
- Good standing certificate
- Power of attorney
- Board of resolution of the newly formed company etc.
After you are done with the aforementioned steps, you must apply for the branch company license. You will only be able to come to this step if you have completed the paperwork already.
After completing the steps mentioned above, you are good to go to make a statement in the foreign market. There is a number of advantages you can get in the UAE’s market including the income tax leverage, corporate tax leverage, and many more. So, what are you waiting for? Just complete the simple business set up steps and there would be nothing to stop you from succeeding in UAE’s market.
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