What are the requirements for setting up branch company?
A： Requirements are as follows: • It has a name that meets the specification • Its business office is other than its head office • It has fixed business office or meets the condition for production and operation • It has corresponding governing body and principal • The scope of business of branch company shall not exceed that of parent company • Establishment of branch company of Foreign Investment Enterprise shall be subject to approval of relevant department • The capital in cash of parent company shall be duly prepared in full for branch company establishment, if the Wholly Foreign-owned Enterprise has sole shareholder
Related Questions
- What are the requirements for opening a branch of a limited company existing in anther emirate with a capital of Dhs. 150,000 (one hundred & fifty thousand Dirhams)?
- Are there any minimum capital requirements for setting up a company in the Free Zone?
- What are the requirements for a Foreign company opening a branch in India?
