CLA Consultants Group will project manage the A to Z of our Client’s DHCC business set up. DHCC business set up steps include:

Pre-incorporation steps

• Consultation: Prior to DHCC company incorporation, CLA Consultants Group consults with our Client to understand in detail their existing business model and intended activities in DHCC.
• Corporate structure: CLA Consultants Group’s in-house DHCC expert recommends the optimum and most efficient corporate structure for our Client to legally perform their business in DHCC.
• KYC and due diligence: Upon confirming our Client’s exact requirements, CLA Consultants Group asks our Client to engagement fees; ii) return a completed and signed copy of our engagement letter and iii) furnish at least 75% of the required due diligence documents.
• Planning: CLA Consultants Group compiles all information gained during the consultation period and begins engagement planning, including i) preparing a detailed project plan mapping out engagement steps ii) drafting a business plan to support multi-currency corporate bank account opening and iii) selecting applicable licenses for our Client’s DHCC business.

Incorporation steps

• Incorporation application: CLA Consultants Group’s Dubai team i) creates a Masaar profile for our Client ii) compiles all necessary documentation for incorporation and iii) submits a quality incorporation application online.
• In-principal approval: upon DHCC’s confirmation that our Client can proceed, our Team i) sources suitable office premises for our Client’s consideration, and ii) secures any additional ministerial approvals that may be required for our Client’s specific business.
• Our Client confirms their intended activities in DHCC and CLA Consultants Group liaises with DHCC Free Zone Authority to assist our Client select the appropriate license for their business.
• During incorporation, the share capital is deposited to DHCC Free Zone Authority (capital amount will vary depending on business license selected). The authority will hold the deposit until the corporate bank account is opened.

Post incorporation steps

• Incorporation completion: Upon receiving our Client’s DHCC corporate documents, CLA Consultants Group i) completes VAT registration for our Client’s DHCC company and ii) begins negotiating with banks to secure interest in onboarding our Client’s business.
• Bank meetings: Our Client confirms to CLA Consultants Group their preferred travel dates to Dubai. Our Team schedules meetings between our Client and multiple leading banks UAE-based banks, with the intention of signing bank account opening applications.
• Bank account opening: Over the following six weeks, CLA Consultants Group liaises with the banks to push our Client’s applications forward, meet any additional due diligence requirements and answer any questions the banks may have until our Client has at least one multi-currency corporate bank account.
• Share capital deposit transfer: as soon as our Client’s corporate bank account is opened, CLA Consultants Group instructs DHCC Free Zone Authority to transfer the share capital deposit into the new bank account.

Engagement completion

• Engagement completion: CLA Consultants Group confirms our Client’s preferred address and couriers the full, original company kit to our Client, along with a Client feedback survey.