Procedures to obtain permit for branches of Foreign Houses and companies

specialized department: Agencies Department

A copy of the Company’s Commercial Registration along with a certified copy of its contract and Articles of Association,A certified copy of the commercial register of the company head office proving that its capital is not less than stated in the Bank Law in respect to banks or Investment Law in respect to other foreign houses and companies, A certified copy of the company’s budget for the immediate preceding financial year prior to the date of application.

An official deputizing letter issued by the company’s head office and certified by the specialized authority that contains naming the agent or the manager authorized to manage the branch who should reside in the branch location and directly connected to the company’s head office. The company’s representative or manager will have the capacity to sign contracts pertaining to the business managed by the branch, and The permit to be issued after legal requirements are completed and a decree to that end to be published in the Official Gazette within thirty days on the branch’s expense.