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NEWS DUBAI

  • 02.10.2014 In October 100 iPhone 6 Plus will be raffled off in Dubai.

    The shoppers of three shopping centers, which 2 of them in Dubai and one of them in Sharjah, will get the opportunity to win every day new iPhone 6 Plus. The electronic carnival will take place in City Centre Deira, City Centre Mirdif, and City Centre Sharjah. In this carnival, you will have the opportunity to take part in such games like darts and can toss which were recreated digitally with…
  • 02.09.2014 Due to coming dust storms in UAE drivers aware.

    The National Centre for Meteorology and Seismology (NCMS) advised motorists to be very careful on the road not only on highways, but in the city as well. In addition, NCMS recommended to follow traffic regulations, maintain a safe distance between other cars or bikes to avoid any accidents on the road..
  • 24.04.2014 Ministry of Health of UAE announced that there is no reason to panic because of MERS virus.

    Ministry of health advice to avoid contacts with those people, who have any symptoms of cold, and also to practice proper hygiene.

    MERS virus means Middle East respiratory syndrome relates to the group of corona viruses, which cause illness like flue. First of all those who has diabetes, cardiovascular disease, renal disease should beware. Young people are harder to get ill and easier to…

  • 10.04.2014 The group of Russian students 'has conquered' Dubai skyscraper – Princess Tower.

    The group of urban high scalers from Russia has conquered Dubai skyscraper – Princess Tower. Its height is 414 meters. Moscow students posted corresponding photos in the social network Facebook.

    After taking a look at the facebook page of one of the high scalers Alexander Remnev we can see that this is not his first upturn on the high building.  He has already been at the top of the highest…

  • 02.04.2014 The season of jellyfishes has started in Dubai

    Many jellyfishes are in Dubai beach.

    The big amount of moon jellies (Aurelia aurita) has appeared in Dubai beach. The same irruption was seen in the emirate in 2008. Usually jellyfishes appear in the shores of Persian Gulf in the period from April until May and from September until October. However, for the last 6 years they were unusual occurrence. The scientists connect this migration…

  • 26.03.2014 Increasing of rent rate leads to boost of escalation of inflation.

    Because of the increasing of rent rate, the inflation in Dubai is at the highest level since December 2009, being in February – 2.6%.

    According to official figures of Dubai Statistics Centre, the increasing of prices in February 2014 is 2.6%. According to forecasts, in 2014 inflation rate will be 2.5%, in 2015 – 2.7%.

    Statistically, housing rent and utility bills, which are 44% of…

  • 03.03.2014 The woman taxi driver will appear before a tribunal in Dubai for stealing forgotten belongings by a passenger.

    Shortly before the end of her duty, the woman found someone else's bag in her car. The woman taxi-driver did not give it to her authority, but took it home.

    It become known about the stealing after the victim reported to the police. He said that he left the bag with a big amount of money and documents in the taxicab, which drove him with his family from the airport to the hospital. In addition,…

  • 18.02.2014 Airhostess of the 'Emirates' airlines was convicted for the mobile stealing in one of the nightclubs in Dubai.

    The woman was bind over and fined for 2 000 DHS for drinking.  She denies her fault and says that she had found someone else's mobile phone in her purse only next morning and she did not advise the police about it because she was extremely busy at work.

    The complainant is the citizen of Ukraine and she reported that in the nightclub her purse was pinched. There were mobile phone, bankcards,…

  • 10.02.2014 It is expected that there will be 70 metro stations in Dubai until 2020.

    Both lines of Dubai metro will be extended.

    It is planned that the length of the green line will be lengthen twice, and the branch of the red line is planned to be headed until the new Jebel Ali airport, and the place of Expo-2020 exhibition.

    The new section of green line, which length is 20.6 km partly will be underground (8.6km). The number of the stations of green line is…

  • 29.01.2014 For a year, foreigners have bought real estate in Dubai for $31 billion.

    According to the Government of the emirate, Russians took 4-th place among foreign investors into Dubai real estate.

    Citizens of India, Great Britain, and Pakistan are ahead. Dubai real estate market is one of the most developed and attractive in the world. Foreigners can buy freehold properties in special areas. 

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    ВКОНТАКТЕ

    ОДНОКЛАССНИКИ

    Foreign Company Branch or Representative

    Foreign Company Branch or Representative

    To open a branch of a foreign company in Dubai, a manager must be appointed to represent the company; the manager must have an approved motion by the Board of Directors to open the branch

    Foreign Company Branch or Representative Office

    The branch will be considered the company’s headquarters in Dubai, and its business shall be subject to the provisions of the laws of Dubai and the UAE.

     

    1. Ownership

    The parent company retains 100% ownership of the branch or representative office, which must operate under the same name and conduct the same business as the managing firm. There is no separate legal identity. 

    A branch or representative office needs to appoint a local services agent, who has no rights, interests or financial involvement in the business. This can be a UAE National, or a company owned by one or more UAE Nationals, who will manage the necessary government procedures and administration. 

    The branch office must have an independent budget, its own profit/loss statements and must appoint a UAE-accredited auditor.

     

    2. Activities

    The requirements for registering a branch office in Dubai differ, depending on whether the parent company and the branch are involved in commercial and industrial activities or professional Activities

     

    3. Commercial and Industrial Activities

    A foreign company can conduct trade, commercial or industrial activities in Dubai by registering first with the UAE Ministry of the Economy (MOE), then with the Dubai Department of Economic Development (DED).

    For indirect commercial activities such as construction contracting, registration must first be done with DED then with the Ministry of Economy.
     
    After obtaining MOE and DED approval, the company must engage a UAE National Local Service Agent before the business license can be issued. The Local Service Agent can be an individual or a company. If it is a company, it must be a UAE-based company licensed by the Dubai Department of Economic Development and 100% owned by UAE Nationals. The appointed Local Service Agent is subject to the approval of the Ministry of the Economy.
     
    The obligations of the Local Service Agent towards the parent company, the branch office and third parties are limited to rendering the services required for the company, for example dealing with government requirements. The Local Service Agent has no responsibility or financial commitment in respect of the company's business or activities inside the Emirate or abroad.

     

    4. Branch Imports

    A branch can conduct all the business of the company apart from importing its goods into Dubai, which will be managed by a local trade or commercial agency. The registered agencies must be UAE Nationals, or companies 100% owned by UAE Nationals and will receive a commission or profit on sales.

     

    5. Professional Activities

    The Local Service Agent for a branch of foreign company undertaking professional activities must be an individual UAE National and not be a corporate body (a person, not a business).  

    For professional activities, the branch office does not need to be registered with the Ministry of Economy. The registration and licensing process can be completed directly with the Dubai Department of Economic Development.

     

    6. Representative Office for Commercial Activities

    While a representative office is not a business structure in its own right, it is a business activity that a branch can conduct and has its own criteria. This includes the authorisation to promote and market the parent company’s business but not conduct business operations. 

    A representative office must be registered first with the UAE Ministry of the Economy, then with the Dubai Department of Economic Development. 

    After obtaining the approval of the relevant authorities, the company must engage a UAE National Local Service Agent, either an individual or a UAE National-owned company. If the Local Service Agent is a company, it must be UAE-based—licensed by the Dubai Department of Economic Development—and 100% owned by UAE Nationals. The appointed Local Service Agent is subject to the approval of the Ministry of the Economy.

     The Local Service Agent’s obligations towards the company and third parties are limited to rendering the services required for the company, such as dealing with government requirements, for example. The LSA holds no responsibility or financial commitment in respect of the company's branch, business or activities inside the Emirate or abroad.

    Foreign Company Branch or Representative

    Other
    Type: Other
    Area: 77
    Foreign Company Branch or Representative

    Other
    Type: Other
    Area: 145.5
    Foreign Company Branch or Representative

    Store
    Type: Warehouse
    Area: 557
    Foreign Company Branch or Representative

    Office
    Type: Office
    Area: 209
    Foreign Company Branch or Representative

    Shop
    Type: Shop
    Area: 150
    Foreign Company Branch or Representative

    Store
    Type: Warehouse
    Area: 217
    Foreign Company Branch or Representative

    Office
    Type: Office
    Area: 97
    Foreign Company Branch or Representative

    Office
    Type: Office
    Area: 93
    Foreign Company Branch or Representative

    Office
    Type: Office
    Area: 110
    Foreign Company Branch or Representative

    Office
    Type: Office
    Area: 140
    Foreign Company Branch or Representative

    Shop
    Type: Shop
    Area: 160
    Foreign Company Branch or Representative

    Other
    Type: Other
    Area: 77
    Foreign Company Branch or Representative

    Other
    Type: Other
    Area: 145.5
    Foreign Company Branch or Representative

    Store
    Type: Warehouse
    Area: 557
    Foreign Company Branch or Representative

    Office
    Type: Office
    Area: 209
    Foreign Company Branch or Representative

    Shop
    Type: Shop
    Area: 150
    Foreign Company Branch or Representative

    Office
    Type: Office
    Area: 202
    Foreign Company Branch or Representative

    Office
    Type: Office
    Area: 106
    Foreign Company Branch or Representative

    Office
    Type: Office
    Area: 171
    Foreign Company Branch or Representative

    Office
    Type: Office
    Area: 122
    Foreign Company Branch or Representative

    Shop
    Type: Shop
    Area: 160