Dubai Company Registration @ Asia Business Set Up


Dubai Company Registration Procedures
Dubai company registration is time consuming and complex procedure. Recent studies by the World Bank indicate no less than 12 procedures are involved, covering a time-frame from 2 to 6 weeks. That said, Healy Consultants endeavours to make Dubai company registration procedures as smooth as possible for clients. For a Dubai limited liability company (LLC), Healy Consultants will legally complete Dubai company startup within a time period of 14 wee ks. For an offshore company, Dubai company registration can take up to nine weeks. When starting a company in Dubai, our clients need not visit the UAE, Healy Consultants officers will complete all Dubai company startup formalities on your behalf. The following is a step-by-step chronological guide toDubai company startup procedures:
Week 1
1.	The receipt of the Dubai company startup fees is confirmed by Healy Consultants' Accounting Department.
2.	Healy Consultants Compliance Team receives the required corporate and personal due diligence information from our client prior to the Dubai company registration.
3.	Prior to Dubai company registration, our client signs Healy Consultants engagement letter and returns the original to our Singapore Head Office.
4.	For a Dubai LLC, our client deposits US$20,000 into Healy Consultants' corporate bank account to cover miscellaneous government expenses when starting a company in Dubai.
5.	Our client confirms the Dubai company structure. Healy Consultants then submits for approval your company name to the Dubai Registrar of Companies and begins Dubai company registration.
6.	Healy Consultants emails our client a Power of Attorney for his signature in front of his local UAE Embassy. The Power of Attorney is returned to Healy Consultants by courier. This step allows Healy Consultants to proceed withDubai company startup without our client's presence in Dubai.
7.	If starting a company in Dubai through an LLC, Healy Consultants meets with the proposed UAE national sponsor and collects due diligence documentation for our client’s records.
Week 2
8.	Healy Consultants and our client sign a virtual office agreement (if required) which comes into effect after Dubai company registration.
9.	For an offshore company, Healy Consultants applies for a Certificate of Incorporation from the relevant Free Zone authority. We also pay the relevant annual Dubai company registration fees to the Dubai government. Healy Consultants provides our client with the original Dubai government receipt as evidence that Dubai company registration fees have been paid.
10.	For a Dubai LLC, Healy Consultants submits required documentation to the UAE Ministry of Foreign Affairs for attestation prior to Dubai company startup.
11.	For a Dubai LLC, Healy Consultants' Dubai accountant submits a Dubai company registration application to the Dubai Courts.
Week 3
12.	For a Dubai offshore company, Healy Consultants completes Dubai company registration, including obtaining the original Memorandum and Articles of Association and government Certificate of Incorporation.
13.	After starting a company in Dubai, Healy Consultants banking officer visits the local bank in Dubai to submit the relevant Dubai corporate bank account forms, including i) attending a bank interview and ii) submitting a corporate bank account application and iii) submitting our client's corporate Internet banking application. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.
14.	For a Dubai LLC, Healy Consultants receives the next installment of client engagement fees, amounting to US$20,000, to cover miscellaneous expenses incurred during Dubai company startup.
Week 5
15.	After starting a company in Dubai, Healy Consultants receives confirmation from the Dubai bank that the corporate bank account has been approved for the Dubai offshore company. Healy Consultants emails the following to our client: i) Corporate bank account number; ii) The business card of the dedicated corporate bank account officer; iii) A photocopy of the completed, signed, bank approved corporate bank account opening forms, which were submitted to the bank on our client's behalf.
16.	Meanwhile, for a Dubai LLC, our clients sign: i) UAE sponsor partnership agreement (prepared by our Dubai accountant); ii) Memorandum for the Dubai Courts; iii) Dubai office tenancy agreement.
Week 7
17.	Following Dubai company startup, the Dubai bank mails the following to Healy Consultants Singapore office or to our client (depending on our clients' choice); i) A corporate bank account welcome pack; ii) A corporate cheque book; iii) Internet username and passwords in sealed envelopes;
18.	For the Dubai LLC, our client signs a tenancy agreement and transfers deposit and first installment of rent to the property owner.
Week 8
19.	After starting a company in Dubai, Healy Consultants express couriers to our client the following Dubai offshore company documentation: i) Original copy of Certificate of Incorporation; ii) Original copy of Memorandum and Articles of Association; iii) Unopened bank correspondence; iv) Original share certificates for your safekeeping.
20.	For the Dubai LLC, Healy Consultants visits the Dubai bank to submit a complete bank application, together with name approval from the Department of Economic Development (DED). The bank will then open a 'Call' (Temporary) Account and the initial deposit of US$81,700 is lodged. The bank then issues a letter in the name of the LLC to the DED confirming the deposit.
Week 9
21.	Prior to Dubai company startup, Healy Consultants submits to the DED i) the Dubai LLC formation application ii) the Dubai Chamber of Commerce initial approval iii) the notarised copy of Memorandum of Association iv) the Service Agent Contract v) the Tenancy agreement and vi) a copy of bank guarantee of US$81,700 from the Ministry of Economy.
22.	The DED issues a business license for the Dubai LLC. The required government fees will be paid (US$4,100). Healy Consultants will take the necessary documentation (inclusive of the license) to the Dubai Department of Naturalization and Residency to open a company file prior to Dubai company startup.
23.	Following completion of the above, the Dubai LLC is entered in the commercial register and its Memorandum of Association is published in the Ministry of Economy and Commerce Bulletin.
24.	Healy Consultants takes the license to the Dubai Chamber of Commerce to register the new entity with the Chamber.
25.	After starting a company in Dubai, Healy Consultants, together with the local sponsor and PRO. The visas are issued one week after submitting the application.
26.	After starting a company in Dubai, and after the file with the Department of Naturalization and Residency has been opened, the local partner and PRO will take the file and supporting documents to the Labour Department to open another file, allowing the company to employ people.
27.	Following Dubai company registration, Healy Consultants sends our client a Customer Satisfaction Survey to obtain frank and honest feedback as to how efficiently and effectively the engagement was completed.
28.	Following Dubai company startup, Healy Consultants offers human resource support services such as staff recruitment, payroll support, and local business address details for invoicing purposes, together with telephone, fax and email support.
29.	After Dubai company registration, Healy Consultants offers marketing services such as business website building, search engine advertising, stationery design, market research and media advertising support.
30.	After starting a company in Dubai, Healy Consultants assists our clients to obtain corporate finance, trade finance and establish merchant accounts.
31.	After starting a company in Dubai, Healy Consultants provides IT Support services including hardware purchasing and configuration, office network configuration, business website design and maintenance and server maintenance.
32.	Following Dubai company startup, Healy Consultants offers Consulting Services including merger and acquisition advisory, business due diligence, internal audit support and business process re-engineering.
33.	After Dubai company registration, Healy Consultants offers assistance with Dubai property purchase.
Contact Us
For more information on Dubai business formation, contact email@healyconsultants.com or call us in Singapore at +65 6735 0120.
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