Formation process individual formation

Stage 1:  PRE – APPROVAL

Soft copies of the following documents must be submitted.  Kindly note that the first 5 items must be provided by EACH Shareholder, Director, Manager, Secretary & Legal Representative:

[✔]  Know Your Client (KYC)

[✔]  Proof of permanent residential address

[✔]  Passport – at least 6 months valid; clear coloured copy.

[✔]  Emirates ID & Visa page – applicable for UAE Residence Visa Holder only; clear coloured copy.

[✔]  Letter of No Objection from existing sponsor – applicable for UAE Residence Visa Holders (letter must be in the company’s letterhead, stamped, and signed by the authorized signatory).

[✔]  HR Signatory Appointment Letter – template provided by GAA/DMCC

[✔]  Business Plan – applicable only for certain activities

 

Payment : AED 1,035.00 (non-refundable)

OUTPUT:  PRE-APPROVAL STAGE

Upon completion, you will be provided with the following:

 [✔] Company Name Reservation

 [✔] Management & Compliance Approval

Note: 

*Pre-Approval is valid for 90 days from date of completion.

*Registration documents must be submitted prior to the expiry of the pre-approval. 

Processing time:  up to 5 working days

Stage 2:  REGISTRATION

The following documents must be presented & signed by EACH Shareholder, Director, Manager & Legal Representative in GAA Dusseldorf or DMCC Dubai:

[✔]    Original Passport

[✔]    Specimen Signature – template provided by GAA/DMCC

[✔]    Shareholders’ Resolution – template provided by GAA/DMCC

[✔]    Memorandum & Articles of Association – template provided by GAA/ DMCC

[✔]    Undertaking Letter to comply with DMCC’s requirements – template provided by GAA/DMCC

[✔]    Visa page – applicable for UAE Residence Visa Holders only

[✔]    Letter of No Objection from existing sponsor – applicable for UAE residence visa holders (letter must be in the company’s letterhead, stamped, and signed by the
authorized signatory)

Note:

* If shareholders & appointed officers are unable to visit GAA Dusseldorf or DMCC Dubai, then the Shareholder’s Resolution must be notarized and attested by the UAE Embassy in the country of origin. Specimen Signature, Memorandum of Association (MoA), Passport & Visa Copies must be notarized in home country prior to submission.

 

OUTPUT:  REGISTRATION STAGE

Upon completion, you will be provided with the following:

[✔]  Provisional Approval Letter

[✔]  Bank Letter

Note: 

*Both letters are valid for 90 days from date of issuance.

*Provisional Letter is required to sign the office lease agreement

 

Payment:  AED 33,145.00 * (non-refundable)

Breakdown:

Registration Fee – AED 9,020.00 (One-Time Fee)

Memorandum & Articles of Association – AED 2,020.00 (One-Time Fee, not applicable for Branches)

License Fee – AED 20,285.00 (Annual Fee; Price may vary depending on actual company activity)

Establishment Card – AED 1,820.00 (Annual Fee)

 

Processing time:  up to 3 working days

 

 

 

Stage 3:  LICENSING

 The following ORIGINAL documents must be submitted to GAA Dusseldorf or DMCC Dubai:

 [✔]   Signed Lease Agreement by the Business Center Provider together with the other licensing documents

 [✔]   Bank Share Capital Deposit Letter or Bank Statement reflecting the deposited amount – applicable if share capital is AED 500,000.00 and above

 

Upon license issuance of DMCC License, the company’s Establishment Card will be processed as this is a mandatory requirement for any visa-related application.

OUTPUT:  LICENSING STAGE

 Upon the completion of the Licensing stage the following documents will be generated: 

 [✔] Company License

 [✔] Attested DMCC Memorandum &Articles of Association (MOA)

 [✔] Share Certificate(s)

 [✔] Certificate of Registration

 [✔] Personnel Secondment Agreement

 Processing time: 5 working days

POST LICENSE DOCUMENTS

 The following ORIGINAL Documents must be submitted to DMCC Members Services in Dubai within 1 month of license issuance:

 [✔]  Bank Share Capital Deposit Letter or Bank Statement reflecting the deposited amount (Bank stamped)

 [✔]   Sample Company Letter Head with Company Stamp

 [✔]   Share Certificate/s

 [✔]   Letter appointing External Auditor

 [✔]   Personnel Secondment Agreement (2 copies)

 

ESTABLISHED DMCC COMPANY