Business Profile

Varal Business Profile | Earning Your Trust Everyday

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1. Business, administrative & contact information

a. Business name: Varal Consultancy DMCC

b. Business type: Limited Liability Company

c. Company registration number: DMCC17234

d. License number: DMCC-074150

e. Tel: +971 4 447 2061, +971 4 447 2064

f. Fax: +971 4 447 2089

g. E-mail: sales@varaluae.com

h. Physical address:

i. 502 One Lake Plaza, Cluster T, Al Sarayat Street, Jumeirah Lake Towers, DUBAI, United Arab Emirates.
ii. Map: Google maps link

i. Postal Address: PO Box 11726, Dubai, United Arab Emirates.

j. Courier Address: Varal Consultancy DMCC, 502 One Lake Plaza, Cluster T, Al Sarayat Street, Jumeirah Lake Towers, DUBAI, United Arab Emirates. Phone: +971 4 447 2061

k. Banking details

i. Bank: Emirates NBD Bank.
ii. Branch: Gold Branch, Almas Tower, Jumeirah Lake Towers, Dubai, UAE.
iii. Name of the account: Varal Consultancy DMCC.
iv. Account Numbers.

1. Account [AED]: 101 495 5432801.
2. IBAN [AED]: AE 860260001014955432801.
3. Swift Code: EBILAEAD.

Varal Business Profile | Earning Your Trust Everyday

Varal Consultancy DMCC Team

Varal business profile: Fill in the form on the right in order to get a FREE QUOTE and get a supportive registration agent to help you start your own tax free company

2. Introduction

a. Company History

Varal started registering Seychelles offshore companies from March 16, 2010. Ras Al Khaimah offshore was added subsequently in October 2010. Registration of UAE companies in free zones and nominee services commenced in 2011.

2013 was important in that we started a business relationship with a UAE national owned company to offer sponsorships.

Varal LLC commenced business as a Dubai registered LLC company. In 2014 it shifted jurisdiction to the DMCC free zone and was renamed Varal Consultancy DMCC.

b. What the company does

Varal offers offshore & UAE company registration and allied services, anxiety free, to entrepreneurs from around the world.

Varal business profile: Fill in the form on the right in order to get a FREE QUOTE and get a supportive registration agent to help you start your own tax free company

3. Strategy

a. Vision statement

i. We expertly offer innovative solutions for confidential business registration including nominee and related services in the UAE and other jurisdictions.

ii. We reach entrepreneurs and individuals around the world through the web and efficiently convert them into happy customers.

iii. Our productivity focused employees earn high wages and benefits that enable them to live a good quality of life.

iv. Systematic and organized teamwork has enabled continuous improvement in our processes and in the use of web technologies.

v. Varal is prosperous through consistently increasing cash flows and profits.

b. Mission statement

i. Ideal customers are

1. 25 to 55 yrs old.
2. From countries which Dubai’s vision 2021 is focusing on for its growth.
3. Who are looking to start a tax free future.
4. Who can be reached via the web.

ii. Critical processes focused on by Varal.

1. Continuous growth in qualified leads from the web.
2. Automated persistent follow up of leads and conversion into customers.
3. Project management to fulfill orders.
4. Continuous improvement in productivity and to cut costs and errors.

iii. Meeting customer specifications every time.

c. Values

i. Organized
ii. Right First Time
iii. Transparency
iv. Taking Responsibility
v. Discipline
vi. Communication
vii. Continuous Improvement
viii. Honesty

d. Business goals & objectives for 2016

i. # of Companies / leads = 15%
ii. Expenses on Technology / GM = 15%
iii. Cost of training / GM = 5%
iv. GM / Sales = 40%
v. GM from new companies / Total GM = 50%
vi. GM from Renewals & Services / Total GM = 50%

e. Business strategy

i. Web based acquisition of clients.
ii. Cloud based services to convert prospects into clients.
iii. Ensure we meet client specifications to get referrals and repeat business.
iv. Productivity, quality and continuous improvement to drive costs down.
v. Improve organizational knowledge base continuously to better serve clients.

f. Economic intent

i. Economic intent is to make profits from the business while providing employees with a good standard of living.

Varal Business Profile | Earning Your Trust Everyday

Varal Consultancy DMCC Managing Director

Varal business profile: Fill in the form on the right in order to get a FREE QUOTE and get a supportive registration agent to help you start your own tax free company

4. Business concept

a. Business model

i. Create and use a web based business model in the company registration business and services to source leads, and cloud based applications to convert them, fulfill orders, do accounts, receive payments, keep in touch with clients for recurring business.

b. Products

i. Registration of companies in the free zones of the Emirates of Dubai, Sharjah, Ras Al Khaimah, Fujairah, Ajman and Umm Al Quwain, United Arab Emirates [UAE].

ii. Registration of offshore companies in Ras Al Khaimah, Ajman & Jebel Ali in the United Arab Emirates and the British Virgin Islands, Kong Kong, Seychelles and Mauritius.

iii. Registration of local companies in Dubai including arranging for UAE national ‘Sponsor’ or ‘Service Agent’.

c. Services

i. Advice & guidance on choosing the appropriate jurisdiction [from 25+] and license [from 2,100+]
ii. Help in bank account setup
iii. Facilitate and solve problems

1. Bank
2. Legal
3. Jurisdiction

iv. Trust & Fiduciary services
v. Act on behalf of clients
vi. Accounts and bookkeeping
vii. Nominee services

1. Bank
2. Signatory
3. Director, shareholder, manager

viii. Prepare documents including legal documents

1. Company registration
2. Visas
3. Amendments
4. Power Of Attorneys
5. Board Of Director resolutions

ix. Submit documents physically to banks, registration authorities
x. Monitor completion of jobs using project monitoring software
xi. Renewals

d. Business competitiveness

i. Efficient in getting qualified leads from the web.
ii. Vertically integrated so have better control over execution.
iii. Wide knowledge base which is continuously growing.
iv. Deep experience of how things work in the registration centers and in the United Arab Emirates.
v. Highly educated staff with engineering and accounting degrees and MBAs.

Quality policy & objectives

vi. Work together as a team to continuously improve our quality management system by doing things right the first time to meet customer specifications with zero defects.

e. Service pledge

i. Your enquiries will be responded to quickly.
ii. All questions will be answered fully so that you can choose the best alternative.
iii. You will be able to trust us with your money before the job is done.
iv. You will know that your account agent is paying attention to your queries and that your are being taken seriously.
v. You will be able to start business transactions quickly.
vi. Your whole experience of dealing with Varal will give you a feeling of satisfaction.
vii. You will get complete information without having to ask repeatedly.
viii. Your anxiety related to advance payments will be minimized.

f. Value chain

i. Typically, a small to medium sized business set up in the United Arab Emirates will require an investment of USD 150,000 to USD 1,000,000.
ii. Company setup costs start at USD 10,000.
iii. Our portion of the value chain is around USD 3,000. So a fraction of the total cost.

Varal Business Profile | Earning Your Trust Everyday

Varal Consultancy DMCC CEO

Varal business profile: Fill in the form on the right in order to get a FREE QUOTE and get a supportive registration agent to help you start your own tax free company

5. Management and ownership

a. Management structure

i. Currently consists of a Managing Director, a Chief Executive Officer, 3 team leaders and team members.

b. Ownership structure

i. Varal Consultancy DMCC is a limited liability company registered in DMCC a Free Zone in Dubai, United Arab Emirates.
ii. It has 1 majority owner

c. Directors

i. Ramapati Singhania, MD
ii. Ravindr Deshpande, CEO

d. Business & leadership skills

i. Both Mr. Singhania and Mr. Deshpande have 36+ years of experience, 25 of those in upper management.
ii. The team leaders are professionally qualified engineers or accountants.

e. Management

i. Ramapati Singhania and Ravindr Deshpande have grown this company from the time it started on March 16, 2010.
ii. Sales in the first month were USD 8,000.
iii. Currently the company is growing at 40%+ per year.

f. Office and administrative personnel

i. As per the guiding philosophies of the company, all promotions are from within putting substantial pressure on us for growing our skill levels continuously.
ii. Consequently there are no office or administrative personnel.
iii. Many of these jobs are done by the line people themselves.

g. Mentors & Consultants

i. John Alexander, Consultant, Canada.
ii. David Cavanagh, Mentor, Thailand.
iii. Fabian Lim, Mentor, Singapore.
iv. Vijaypat Singhania, Mentor, India.
v. Suresh Modi, Mentor, India.
vi. Jay Dvivedi, Mentor, United Arab Emirates.
vii. Subash Gupta, Mentor, United Arab Emirates.

h. Attorneys

i. Hani Al Jasmi Advocates & Legal Consultants, Dubai, United Arab Emirates

i. Accountants

i. TRC PAMCO Middle East, Auditors & Management Consultants, Post Box 94570, E-09, Mezzanine Floor, Al Owais Building, Al Rigga Road, Dubai, United Arab Emirates

j. People initiatives

i. The Varal team consist of people from India and the Philippines.
ii. 40% are women
iii . Average age is around 33 years

Varal business profile: Fill in the form on the right in order to get a FREE QUOTE and get a supportive registration agent to help you start your own tax free company

6. Current customers and projects

a. In the last 5 years, Varal has handled more than 7,500 serious opportunities.
b. The typical customer billing is around USD 3,000.
c. A typical job lasts for 3 months.
d. At any given time 30 to 50 jobs would be under discussion.
e. 100+ jobs are at various stages of execution.

7. Completed projects

a. Varal has completed hundreds of company registrations.
b. Under confidentiality clauses we are unable to disclose the names of these clients.
c. However some have given permission to post part-testimonials on our website.

Thank you for taking the time to go through this Varal business profile.

If there are any questions or comments, please feel free to contact us.

Email: sales@varaluae.com
O: +971 4 447 2061
Office Hrs: Su to Th, 0830 to 1830 Hrs., GMT +4
Dubai, United Arab Emirates

Varal Business Profile | Earning Your Trust Everyday

Varal Consultancy DMCC Team

Varal business profile: Fill in the form on the right in order to get a FREE QUOTE and get a supportive registration agent to help you start your own tax free company

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Business Profile was last modified: October 19th, 2016 by Ramapati Singhania

Ramapati Singhania

He strives for excellence in all he does and brings out the best in his people through guidance, a strong vision and support. He is exceptionally open-minded, flexible, dependable, understanding and straightforward in all words and actions and encourages personal as well as professional growth.

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