Subsidiary 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 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

[✔]  Parent Company Documents – documents must be legally translated to English

[✔]  Certificate of Company Registration – showing registration date, share details and authorized signatories

[✔]  Memorandum & Articles of Association (MoA)

[✔]  Ultimate Beneficiary Owner Form 

 

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 10 Working Days

Stage 2:  REGISTRATION

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

[✔]   Original Passport

[✔]   Specimen Signature 

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

[✔]   Board Resolution – to be signed by the Parent Company Authorized Signatory

[✔]   DMCC company Memorandum & Articles of Association – to be signed by the Authorized Signatory of the DMCC Company

[✔]   Undertaking Letter to comply with DMCC’s requirements – to be signed by the Authorized Signatory of the DMCC Company

[✔]   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)

Parent Company Documents

[✔]   Certificate of Company Registration – Notarised and Attested by the UAE Embassy in the country of origin

[✔]   Memorandum & Articles of Association – Notarised

Note:

*If the appointed officers are unable to visit GAA Dusseldorf or DMCC Dubai,then the Board Resolution must be Notarised & Attested by UAE Embassy in the country of origin.  Specimen Signature, DMCC Company Memorandum of Association (MoA), Passport & Visa Copies must be notarised in the 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 7 Working Days

 

Stage 3:  LICENSING

The following ORIGINAL documents must be submitted to GAA Duesseldorf 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:  up to 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