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SALIENT FEATURES FOR FORMATION OF REPRESENTATION OFFICE OF A FOREIGN COMPANY IN DUBAI
| a) General Information |
| 1) Legal Status |
Representation Office of a Foreign Company |
| 2) Capital |
Nil |
| 3) Type: |
Commercial License |
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Note:
1. Limited Visas will be issued.
2. Invoices cannot be raised and collect payments
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b) Approximate cost for various formalities:
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| 1) Local Sponsor fee |
US$ 6,830/- p.a onwards |
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| 2) Office Rent: |
Minimum office space required 500 Sq.feet.
Rent depends on size and Location
Rent per sq feet US$ 32/- to 68/-
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| 3) Trade License Expenses: |
US$ 5,464/- onwards (approx) this depends upon the nature of activity and size of office as well.
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| 4) Amount to be deposited with Ministry of Economy |
US$ 13,661/-
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| 5) Fees payable to the Ministry of Economy |
US$ 4,098/- |
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6) Attestation Charges : MOFA
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US$ 1,366/- (Approx)
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7) Legal Translation of Parent Company documents to Arabic
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US$ 20.50/- (in actuals/ per page) |
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8) Other Expenses:
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| i) Visa (Per Employee) |
Guarantee: US$ 820/- (Refundable)
Processing: US$ 1,913/- (Apx)
(Valid for 3 years)
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| ii) Visa (Per Partner) |
Guarantee: US$ 2,732/- (Refundable)
Cost: US$ 300/- (Apx)
(Valid for 3 years)
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| iii) Labor Computer Card |
Processing Fee: US$ 546/- (One time fee)
(Revalidation to be done every year without fee)
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| iv) Immigration Computer Card |
Processing Fee: US$ 197/-
(Valid for 3 years)
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c) The following documents shall be arranged upon by us.
- Trade License.
- Certificate from chamber of commerce.
- Drafting of agreement with legal service agent (UAE National)
d) Documents / Details required
- Copy of Certificate of Incorporation of parent company, notarized and attested by UAE Embassy in the country of Origin.
- Copy of Memorandum & Article of Association of parent company, notarized and attested by UAE Embassy in the country of Origin.
- Power of Attorney in favor of Manager notarized and attested UAE Embassy in the country of Origin.
- Board resolution to form a branch in Dubai, UAE, notarized & attested by UAE Embassy in the country of Origin.
- List of directors of the parent Company attested by the banker.(To open a bank account)
- List of major shareholders of the parent Company attested by the banker. (To open a bank account)
- Passport copies of the shareholders of the parent Company.
- Business Plan. (for our reference)
- Passport copy of the Manager.
- Application form duly signed by all major shareholders.
- Tenancy Contract
e) Time required
We expect to complete the assignment within 7 working days from the date of confirming the engagement and handing over the necessary documents and fees.
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