Dubai Company Registration Procedures

Dubai company registration is difficult, largely because of the country's government bureaucracy. In the World Bank's Doing Business 2011 Survey, the UAE is poorly ranked as the world's 40th easiest place to do business. However, Healy Consultants endeavors to make Dubai company registration as easy as possible, whether for a Dubai LLC, a Dubai offshore company, a Dubai branch company or a Dubai free zone company. It is not necessary for our clients to visit Dubai to complete Dubai company registration, which normally evolves as follows:
Week 1
1.	Our client settles Healy Consultants' Dubai engagement fees.
2.	Healy Consultants receives the required corporate and personal due diligence information from our client prior to Dubai company registration.
3.	Our client signs Healy Consultants' engagement letter and returns the original to our Singapore Head Office.
4.	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 with Dubai company startup without our client's presence in Dubai.
5.	For a Dubai LLC, our client deposits US$20,000 into Healy Consultants' corporate bank account to cover miscellaneous government expenses. This amount is built into the total engagement fee quoted at the start of the engagement, to minimise unwanted surprises for our client.
6.	Our client confirms the Dubai company structure. Healy Consultants then submits for approval the preferred company name to the Dubai Registrar of Companies and begins Dubai company registration.
7.	If starting a company in Dubai through an LLC, Healy Consultants submits to our client due diligence documents pertaining to the UAE national sponsor.
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 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.
Week 3
11.	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.
12.	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.
13.	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
14.	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.
15.	Meanwhile, for a Dubai LLC, our clients sign i) UAE sponsor partnership agreement (prepared by Healy Consultants) ii) Memorandum for the Dubai Courts iii) Dubai office tenancy agreement.
Week 7
16.	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.
17.	For the Dubai LLC, our client signs a tenancy agreement and transfers deposit and first installment of rent to the property owner.
Week 8
18.	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.
19.	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
20.	Before 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.
21.	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.
22.	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.
23.	Healy Consultants takes the license to the Dubai Chamber of Commerce to register the new entity with the Chamber.
24.	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.
25.	After Dubai company registration, Healy Consultants sends our client a Customer Satisfaction Survey to elicit frank and honest feedback about our efficiency and efficacy.
Contact Us
For more information on Dubai company registration, contact email@healyconsultants.com or telephone us at (+65) 6735 0120.
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