Setting up wholly owned subsidiary company in dubai

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 November 2016 An IT company wants to start a wholly owned foreign subsidiary in UAE through the automatic route. I want to know
1. what are the applicable laws and the provisions for this?
2. what approvals the company needs to take and the concerned authority?
3. what is the procedure to get the approvals and the required documents to be submitted for the same?

Expert : Anonymous

Expert : Anonymous (Expert)

29 November 2016 You need to submit form ODI to your banker

Querist : Anonymous

Querist : Anonymous (Querist)

05 December 2016 thank you for the response.
only submitting the form ODI to an AD(authorised Dealer) is enough??
what all documents are required & what is limit upto which it can be invested??