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Article (32) Attachments to the Branch Opening Application

IA-BOD-RES 2/2009 Effective from 31/1/2010

The following documents shall be attached to the application to open a branch for a company established in the State:

  1. The board of directors' resolution to open the branch.
     
  2. An economic feasibility study and work plan of the branch.
     
  3. The organizational structure of the branch and name list of the branch manager and the senior officers therein provided; including names of those persons authorized to sign on behalf of the branch.
     
  4. Emiratization percentage rate shouldn't be less than that as determined by the pertinent official authorities.
     
  5. An undertaking by the company to render specialized training courses in the field of insurance for UAE nationals working therewith.
     
  6. Any other documents as determined by the Authority.