The establishment of representative offices in the UAE serves as a strategic move for European banks looking to access the lucrative Middle Eastern market and strengthen their presence in the region. However, navigating the regulatory landscape and fulfilling legal requirements can be complex and time-consuming.
ERG is renowned for its comprehensive suite of services aimed at facilitating business expansion and market entry for international companies. Leveraging its deep understanding of local regulations, market dynamics, and industry trends, ERG offers end-to-end solutions tailored to the unique needs of its clients.
Dubai International Financial Centre (DIFC)
As one of the world's leading financial centers, DIFC provides a conducive environment for international banks to set up representative offices and conduct business activities. ERG assists European banks in navigating the regulatory framework of DIFC, obtaining necessary licenses, and fulfilling compliance requirements. By leveraging its network and industry expertise, ERG ensures a seamless and efficient process for establishing representative offices within DIFC.
Abu Dhabi Global Market (ADGM) Freezone
ADGM Freezone, located in the capital city of Abu Dhabi, offers a competitive advantage for international banks seeking to establish a presence in the UAE. With its robust regulatory framework, business-friendly policies, and strategic location, ADGM Freezone attracts a diverse array of financial institutions. ERG facilitates the establishment of representative offices in ADGM Freezone by providing comprehensive advisory services, regulatory guidance, and operational support.