Project Monitoring Of Company Registration Jobs | To Complete Your Work On Time

Project monitoring of company registration jobs: company registration, immigration and labor cards, bank account opening, cloud based monitoring of the critical path

Project monitoring of company registration jobs: Varal fee for project monitoring of company registration jobs US$ 275 (AED 1,000) for one company.

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Company registration

A typical company registration, from the time your payment arrives to the time we receive your Business [trade] License, takes 25 to 35 steps and about 35 to 40 days.

This includes the time taken to receive the correct Know Your Client [KYC] documents, signatures and power of attorneys.

It necessitates going to the jurisdiction you have selected, often more than twice.

Some jurisdictions form the company separate from the business license. In others it is just one document.

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Immigration & labor cards

After your company business license is received, we must apply for a company ‘Immigration Card’ and ‘Labor Card’.

These are essentially registrations with the United Arab Emirates’s [UAE] Immigration and Labor Ministries. Once given, your company becomes eligible to apply for visas. You cannot apply for visas until these cards have been received.

This process also employs multiple steps and takes up to 20 days.

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Bank account opening

Once your company’s business license documents have been received you are ready to open a bank account.

Usually, the bank requires:

• Your presence with your passport.
• Company business license.
• Memorandum & Articles of Association.
• Share certificates or other proof of ownership.

Once you have signed the application form, the account opening bank representative will send it to their compliance department.

Then other questions maybe asked. Even additional documents may be sought.

This process till the account is opened and ready for transactions may take 14 days.

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Project monitoring of all jobs

Over the years it has become apparent that without using a systematic project monitoring tool, keeping track of all the steps would be difficult.

In January 2016 there were 110 open projects. These will grow as the company grows.

Over the last 10 months, cloud based check lists for documents, templates to ensure mistake proofing, and a project monitoring tool have been deployed to make your life easier.

Being cloud based, reduces errors and everyone involved in the project has access to the same information of progress.

This type of project monitoring will help you to know where your job is at any point of time. Also we will be able to focus on the critical path to reduce the total time taken.

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