Setup a Foreign Company Branch in Sharjah

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Setting Up A Foreign Branch Office in Sharjah

Foreign company branch formation sharjah, branch of foreign company in Sharjah, foreign company branch formation in sharjah, company formation in sharjah, business setup in sharjah, business setup in uae, company formation in use, business setup consultant A foreign company branch office in Sharjah serves as an extension of an existing foreign entity in the UAE. It should not be confused with a subsidiary company. It, in fact, is an extension of the same company, which is allowed to conduct the similar activities in the UAE as the parent company. The branch office needs to operate with the same name as the parent company. This type of business setup in Sharjah is the best opportunity for businesses to expand their operations in the UAE.

Advantages of company formation in UAE

The UAE government has allowed foreign investors to have 100% ownership of their business in the UAE. This has led to the influx of business in the region contributing to the growth of the country. With 100% ownership, you have total control of business operations and can retain all the profits with yourself. You also no longer need a local sponsor to set up your business.

There is no mandatory cap on how much you need to invest for a foreign company branch Formation in Sharjah. Your parent company’s present financial standing can support the operations of the branch.

With no personal income tax and minor corporate tax, you retain a majority of profits which provides a significant financial advantage. The country has attracted numerous businesses from across the world and this has contributed to the rapid growth of the country. Sharjah boasts of great infrastructure, sports clubs, educational institutes, hospitals, recreational and entertainment zones. All these make for a great living environment for investors and their families.

Documentation Required for Foreign Company Branch Formation Sharjah

When setting up a foreign company branch office in Sharjah, one needs to submit several documents. These include:

Parent Company Documents:

Certificate of Incorporation
Memorandum and Articles of Association (MoA/AoA)
Board resolution authorizing the establishment of the branch office
Power of Attorney appointing the branch manager
Audited financial statements of the parent company for the last two years

Branch Office Documents:

Trade name reservation certificate from Sharjah Economic Development Department (SEDD)
Initial approval certificate from SEDD
Office lease agreement in Sharjah
Bank reference letter
Branch Manager Documents
Passport copies
Specimen signature
Passport-size photographs

Time Frame for Setting Up a Branch of Foreign Company in Sharjah

The time frame required for a company formation in Sharjah depends on various factors. This includes completion of documentation, approvals from authorities, and verifying if they comply with regulatory requirements. This process can take 4 to 6 weeks to complete.

Steps for Foreign Company Branch Formation in Sharjah

A typical setup process is illustrated as below:

Begin by consulting with a business setup consultant like Corpin Consultants to understand the legal requirements, business environment, and best practices for establishing a branch office in Sharjah.

Register your trade name for your branch office with the Sharjah Economic Development Department. The name should be consistent with the parent company’s name and comply with UAE naming conventions.

Submit all the required documents to SEDD to obtain initial approval for the branch office. All documents pertaining to the parent company and intended company will be verified.
Now it’s time to search for an office space in Sharjah. Get the lease agreement ready as physical office space is mandatory for establishing a foreign company branch office in the UAE.
Once you receive the initial approval, submit the lease agreement and other required documents to SEDD for final approval. Upon approval, you will receive the branch office license.
Register the branch office with various local authorities, including the Ministry of Economy and the Chamber of Commerce, to complete the setup process.
After completing the registration and licensing process, your branch office can commence operations in Sharjah.

Establishing a foreign company branch office in Sharjah can be a complex process that requires a thorough understanding of local regulations and procedures. Corpin Consultants specializes in business setup in Sharjah and across the UAE, offering a comprehensive range of services to ensure a smooth and hassle-free setup process. Here’s how we can assist:

Whether you are exploring a branch of foreign company in Sharjah or a general business setup in UAE, we are here to help you every step of the way. Partnering with a trusted business setup consultant like Corpin Consultants can help you streamline the process so that you can focus on growing your business in the UAE.