Opening a branch office or subsidiary in Dubai for Russians is a way through which Russian investors can expand their business in the UAE. Dubai’s strategic business location gives investors and entrepreneurs several perks to expand their business.
Consider the following things for opening a branch or subsidiary in Dubai for Russians;
File an Application
You must file an application with the Ministry of Economy to open a branch office in UAE for Russians. It is important to fulfill the condition of having a UAE national as your service agent while establishing a branch or subsidiary in Dubai.
2. Get an agreement from the Ministry of Economy.
The Ministry of Economy will provide consent only after your application to open an office branch in Dubai gets approval from the Department of Economic Development (DED).
3. Take Approval from the Federal Foreign Companies Committee of the UAE
After approval from the DED, your application with a permit letter to start a branch office in Dubai for Russians will be forwarded to the UAE Federal Foreign Companies Committee for approval.
4. Get License from the Ministry of Economy
The next is to take a license from the Ministry of Economy. The license will also specify the nature of your venture and business activities taken by your branch office.
5. Apply for a Business License
After getting an eCommerce license from the Ministry of Economy, register your office branch with the Local Economic Department and get your business license.
6. Register your Branch with the Commercial Authorities
You can register your branch or subsidiary with the commercial authorities and start business activities after getting all the approvals and licenses. Registering your branch or subsidiary in Dubai with the Ministry of Economic Companies is essential.
Characteristics of a Branch or Subsidiary Company in Dubai
- The branch or subsidiary will cover its business operations under one of the business structures covered by UAE legislation.
- The branch or subsidiary will favor UAE’s tax legislation to support local and parent companies.
- You can establish a branch or subsidiary in Dubai’s free zone under the form of a free zone company.
You can contact us at Future Vision if you want further information and consultation about opening a branch or subsidiary in Dubai for Russians.
