‘Turnkey’ company incorporation in Algeria

Client objective

Our client is a British-owned, market-leading industrial supply and engineering services firm, supporting complex energy and infrastructure projects across the Middle East and North Africa.

Based in the UAE, the company specialises in supply chain management, procurement, shutdown and turnaround management, and asset integrity services for the oil and gas, power and nuclear sectors.

The firm supports large-scale, government-linked energy projects and has the operational capacity to mobilise hundreds of personnel for major contracts requiring strict compliance and delivery timelines.

Our client wanted to tender for a government contract relating to a development project for one of the largest gas fields in Algeria.

To submit the tender, they had to establish a company in Algeria. With a tight application window, they had to achieve this quickly to avoid missing the deadline.

The challenge

• Bureaucratic incorporation process
  The company formation process in Algeria is bureaucratic, requiring document certification and legalisation abroad, the opening of a capital account and various post-incorporation registrations.
• Director residency constraints
  Critically, if our client wanted to use one of their UAE-based directors, the process would take considerably longer than if they used a local director.
• Opportunity cost
  This tender presented a big opportunity for our client, which would have led to them hiring more than 300 additional employees. They needed a solution that would enable fast company incorporation so they could process the application through in time.

Our solution

To ensure our client was able to submit their tender application before the deadline, we employed a fast, ‘turnkey’ company incorporation solution – a niche and uncommon option in the market.

In essence, one of our local directors in Algeria reserved a company in our client’s name, detailing the preferred business activity, signed the relevant lease agreements and initiated the company formation process, which allowed for the relevant capital account opening and tax and trade registrations. Having a company number fulfilled the key requirement to start the tender application process.

The corporate structure was subsequently transferred to our client’s preferred director and owner.

Utilising this solution, the set-up time was reduced to one month, as opposed to the two or three months that would have been required for a foreign investor.

Committed to your ambitions

Helping you realise your business or personal wealth ambitions is what matters to us. Providing solutions and overcoming obstacles is what we do.

We’re here to help you make the most of whatever opportunities are out there. We don’t take a ‘cookie cutter’ approach and always look for creative ways to help you achieve your objectives.

When we say you come first, you can be sure that we really mean it.