Saturday, July 23, 2011

Representative office of a Foreign company or a local company in UA

Description
Representative office of a Foreign company or a local company in UAE. Representative office is incorporated to facilitate their own trade in this region or extending their arm in different emirates. This will enable the investors to grow their business and save tax 100%. The other advantage of having the representative licenses is the ownership and the control will be 100% by the investor and any time the local service agent can be changed without notice. . . Representative offices of foreign professional firms may be 100% foreign owned provided UAE nationals or 100% UAE owned companies are appointed as local agents. As mentioned previously, such agents are not involved in the operations of the firm but assist in obtaining visas, labor cards etc and are paid a lump sum as remuneration. The Economic Department is the authority in charge of licensing such branches or representational offices A representative office can be incorporated of a foreign company in UAE and they are allowed to promote their product and services, multinational companies can reach the prospects locally and in the middle east region. They can arrange the meetings and can provide customer service to the clients with in the region
Advantages 
Hundred percent ownership
can reach the market locally
can do the advertisement and promotion.
Should you require more clarification and assistance to start your representative office in UAE, please feel free to contact me on rupeshpr@hotmail.com or call me on 00971-553660266

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