Application for registration CV Bank reference letter Registry Identification

Application for registration cv bank reference letter

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Application for registration CV Bank reference letter Registry Identification Code Form (RIC) (Original and notarised) B. Registration After getting initial approval, you need to pay registration fees and licence fees. The fees depend on the type of licence required. Then, you need to submit: Completed application for registration Board Resolution appointing Manager/Director (Notarised and attested) Power of Attorney given to Manager/Director (Notarised and attested) Memorandum and Articles of Association (Notarised and attested) Specimen signature of Manager/Director (Notarised and attested) Passport-size photo of Manager/Director against white background Share capital information C. Licensing and visa process Lease agreements will be prepared by the authority Then trade licence will be issued Visa processing will start Once your application has been processed, the government will issue you with your company licence . Open a Bank account Once your paperwork has been returned, you will have all the documentation you need to open your corporate bank account. The UAE is home to many banks, both local and international, including Emirates NBD, Abu Dhabi Commercial Bank and the Commercial Bank of Dubai, along with
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global names, such as HSBC, Citibank and Barclays. You can either approach the bank of your choice or ask your business set-up partner to arrange meetings with a number of institutions to help you choose the most suitable option. Share Capital Minimum share capital is usually set out in the Memorandum of Association of your proposed company. In most cases, you do not need to pay minimum capital at the time of setting up. Premises Once you have your legal procedures and forms ready to go, it would be best to shortlist some offices with costs and other details. This would mean a clear path forward once you get your legal formalities out of the way. In free zones, you will get assistance to find premises suitable to your requirement along with help to set up electricity, internet, water and other amenities. Employees In most legal forms of the DED, you need to hire a manager to oversee operations and have him ready to be on board before your registration is approved. But in other cases, you may not be allowed to hire at all. For example, Intelaq license holders (license for home-based Emirati business owners) are not allowed to hire staff, but can engage contractors. For free zones, each zone has its own specific regulations regarding the structure of business. Local Support For DED licenses, it is mandatory to have a local agent, partner or sponsor and this is a great support for foreign nationals. For free zones, having a local contact can help take the business forward effectively. However, this is not mandatory and Dubai as a business destination boasts easy set-up for all businessmen regardless of nationality.
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