22nd February 2017
"How can I own the business 100%?" This is one of the most common questions from foreign investors looking to setup in Abu Dhabi. Good News! It is possible to set up an entity in Abu Dhabi, outside of the various free zones, and own it 100%. The structure is called a Foreign Branch.
What is a Foreign Branch?
A foreign company can setup a wholly-owned branch in Abu Dhabi. It isn't a separate legal entity. It is considered part of the overseas parent company. Therefore, the parent company takes on full liability for the branch's activities in Abu Dhabi. The name will also match that of the parent company.
What activities can a Foreign Branch engage in?
A Foreign Branch is restricted to providing the same services as those of its parent company. It is also possible to engage in the activity of 'Representation Office'. This means, the branch has a commercial presence and purely markets the services/products of the parent company but doesn't transact in any way.
What activities is a Foreign Branch restricted from providing?
- Trading (buying and selling goods)
- Restaurants and catering
- Haj and Omra services
- Labour supply (recruitment and manpower services)
- Commercial Agent
- Disabled shelters and rehabilitation centres
- Care and community centres
- Social services and activities
- Printing and publishing
What is a Service Agent?
What Documents will be required to set up a Foreign Branch?
- Registered Name
- Date of Incorporation
- Legal Form
- Activities for which it is registered
The documents will need to be notarised in the home country. They will also need to be stamped at the UAE Embassy in the home, or closest, country. The documents will also need to be stamped by the Ministry of Foreign Affairs in the home country.
How to setup a Foreign Branch in Abu Dhabi
Ministry of Economy Registration
Gateway Group can help you setup a Foreign Branch office in Abu Dhabi. We have a proven track record for speedy, hassle free setups. We can manage the entire registration process for you, including provision of a service agent and assistance with opening a corporate bank account. For more information about how Gateway can assist your company in set up a Foreign Branch in Abu Dhabi please email us: Info@GatewayToAbuDhabi.com
Related Blogs you may be interested in:
By providing bespoke business setup, corporate local sponsorship, and visa processing in Abu Dhabi, award-winning Gateway Group uses its on-the-ground experience and knowledge to help companies make informed decisions that are right for their business and in line with their goals.
For assistance with your Abu Dhabi business set up, visa processing and ongoing Trade License renewals, Email us: Info@GatewayToAbuDhabi.com