DMCC company setup with Astrolabs ?

[Yoyo331998]

Hello,

I'm planning on setting a company in DMCC with Astrolabs , I would like to know if anyone dealt with them ? If yes, how was your experience?

Thanks in advance

 

[digirider]

Why not contact a DMCC representative directly and save on agent fees?

 

[BlueMist]

digirider said:
Why not contact a DMCC representative directly and save on agent fees?
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That's usually the best idea. However Astrolabs can offer kind of one in all package including registered office (shared) space, PO Box and probably introduce you to a bank.

 

[Yoyo331998]

BlueMist said:
That's usually the best idea. However Astrolabs can offer kind of one in all package including registered office (shared) space, PO Box and probably introduce you to a bank.
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Yep, Astrolabs told me that they help with opening a corporate bank account with Emirates NBD.
Although what I heard from people that incorporate in UAE freezones is that opening a bank account is a total nightmare.

 

[rowena]

AstroLabs is not an agency it is all in one company setup solution but a little expensive also they only deal with IT companies. If you want a hassle-free and quick setup including bank account opening then AstroLabs is a good choice or you can deal with DMCC directly.

Yoyo331998 said:
Yep, Astrolabs told me that they help with opening a corporate bank account with Emirates NBD.
Although what I heard from people that incorporate in UAE freezones is that opening a bank account is a total nightmare.
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AstroLabs package includes an office leasing(they will give you a lease agreement) that's why you can open a bank account easier.

 

[NicolasMaduro]

You sure that "bank introduction" is really worth anything? Usually its just a list with bank contact information, maybe different with Astrolabs?

 

[rowena]

You can increase your chance %1-2 by using "bank introducer" that's all. Bank introducers just collect your documents and give to the bank, there is no magic. The compliance department of bank will decide your situation. I explained what is different with AstroLabs in my previous post.

 

[Spinat]

NicolasMaduro said:
You sure that "bank introduction" is really worth anything? Usually its just a list with bank contact information, maybe different with Astrolabs?
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what can astrolabs do that the other introducers can't ?

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[NicolasMaduro]

blueweb said:
what can astrolabs do that the other introducers can't ?
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Well the point I was trying to make is that the "bank introduction" is not worth anything. You can apply for a bank yourself(without "bank introduction from astrolabs") and have the same chance of approval.

 

[lory]

NicolasMaduro said:
Well the point I was trying to make is that the "bank introduction" is not worth anything. You can apply for a bank yourself(without "bank introduction from astrolabs") and have the same chance of approval.
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not possible in Cyprus and other countries, they all say you must have an introducer?

 

[BlueMist]

lory said:
not possible in Cyprus and other countries, they all say you must have an introducer?
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In Cyprus yes, but no in the UAE. You can approach any bank yourself. The only difference a good PRO (such as Astrolab) can make is to help you to prepare the relevant documentation to streamline the account opening process.

 

[lory]

BlueMist said:
The only difference a good PRO (such as Astrolab) can make is to help you to prepare the relevant documentation to streamline the account opening process.
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how much do they charge for this?

 

[BlueMist]

lory said:
how much do they charge for this?
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I don't know, this could be probably a part of the company incorporation setup package.