Shelf company/turnkey solutions for Dubai
Healy Consultants provides complete turnkey solutions for Clients looking to expedite their Dubai business set up. This turnkey solution includes a ready-made company and already approved Dubai corporate bank account.
The entire company setup process for a limited liability company in Dubai takes roughly 15 weeks. However with this Dubai turnkey solution, within 2 weeks Healy Consultants will email you a company number and a corporate bank account number. Our Clients can expect to reduce engagement lead time by 70%. The Dubai government has implemented inefficient procedures that can be bypassed with a turnkey solution.
The name of the already approved corporate bank account is that of the existing ready-made company. To maintain the corporate bank account, the shelf company name cannot be changed. Consequently, our Client must use the existing name of the shelf company for their customers. The business activity of the company is allowed to change. If our Clients wishes to change the shelf company name, the bank will request a new corporate bank account opening application under the new company name.
Healy Consultants fees
For US$38,500 Healy Consultants provides a complete Dubai turnkey solution including a i) pre-registered company ii) with an already approved UAE corporate bank account with excellent internet banking iii) a registration number and iv) a legal registered address.
Prior Clients have purchased Dubai readymade companies for purposes such as i) re-structuring their existing business and needing a legally active company ii) needing to receive sales income immediately from an already set up corporate bank account and iii) wanting a company registration number fast to close an important deal.
Steps to buy a shelf company in Dubai:
|1.||Healy Consultants Compliance Team receives the required corporate and personal due diligence information from our Client;||1|
|2.||Our Client signs Healy Consultants engagement letter and returns the original to our Singapore Head Office. Our Client settles our fees;||1|
|3.||Our Client confirms by email the planned corporate structure, the Dubai local shareholder and the address for office premises and e-mails the required due diligence. Only then will Healy Consultants’ Company Secretary Team reserves the company name with DED. If required, Healy Consultants will be happy to act as your Firm’s local shareholder and provide your Firm with a company office address;||2|
|4.||Healy Consultants provides our Client i) a company name and number ii) a company office address and iii) a corporate bank account number. Our Client can inform customers and suppliers;||3|
|5.||The Dubai shelf company director signs i) the legal share allotment and legal share transfer ii) the change of company address and iii) the lease agreement in Dubai (if required);||3|
|6.||The existing Dubai shelf company director’s signature signs and courier return the originals legal transfer documents to Healy Consultants Dubai office. Healy Consultants’ Company Secretary Team submits transfer documents to DED for processing;||4|
|7.||The Dubai registry approves the change of company ownership application and emails Healy Consultants proof of transaction. Healy Consultants then emails our Client i) the certificate of incorporation and ii) the M&AA with the new shareholders and directors;||8|
Healy Consultants’ Banking Team and our Client attends a meeting with the Dubai bank to appoint our Client as the new bank signatory and submit the corporate bank package containing:
As always, Healy Consultants will aggressively negotiate a travel exemption for our Client, asking the bank to just perform a skype or phone conversation with the bank signatory. Depending on Client nationality, sometimes we are successful and our Client does not have to travel to Dubai.
|9.||The bank approves the appointment of the new bank signatory and will courier internet banking documents (login, password etc) to our Client;||10|
Healy Consultants will courier the following to our Client:
|11.||Our Client receives a courier from the bank comprising internet baking information. The bank signatory activates the internet banking.||11|
Frequently asked questions
What is a turnkey company in Dubai?A turnkey company is a dormant company in Dubai which has already been registered with the authorities. As turnkey solutions providers, Healy Consultants will only need to update i) the company name ii) its shareholders and directors and iii) the bank account signatory.
What is the main advantage of turnkey projects in Dubai?Dubai company turnkey solutions enable entrepreneurs to avoid red tape and time consuming procedures required to incorporate a new company. Delivery of complete turnkey solutions can indeed be done in 2 weeks (excluding bank account procedures), while the setup of an LLC takes more than 3 months in Dubai.