You want to open a branch office in Dubai but as a foreign company, you don’t want to move your whole company to a new country instead, you prefer to set-up a branch office. You’ve heard that there are numerous advantages to opening a new office in such a lucrative and expanding global market. Here are some reasons why it will be beneficial for you.
A branch office is an extension of the main company. Therefore, you will gain 100% foreign ownership which allows you to function and perform activities as if it was the primary company. To set it up, however, you will need a business consultancy in Dubai to provide services which will make company formation process less complex. For instance, when setting up a branch office, the process requires collecting documentation, checking documentation, handling the business registration process and processing visa applications. And for all this, you don’t have to be physically present which makes the whole thing much easier.
A branch office can be set-up in the Dubai mainland or in any of the free zones. If your branch company is formed on Dubai mainland you can pick the most suitable location to meet the requirements of your company and potential clients. There are great infrastructures and prime locations. In addition, you can take advantage of the fact that rent outside the city center is more affordable and save up on certain expenses.
If you set-up the branch office in the free zone region, you are allowed to trade with other offices in the rest of the free zones. However, by setting up a branch office on the mainland will have the opportunity to trade with the local market. Companies that set-up in the free zone also can trade with the local market as long as they have a local distributor.
Setting-up a branch office can be a lengthy process that you might not be able to do by yourself. It is time-consuming and having the knowledge and expertise of a local business consultancy in Dubai will make the process less challenging to achieve the desired result.