After about 17 days, I've finally been approved as a company for iOS development.
It took about 2 days for my individual developer account to be approved in the beginning of March.
Then as I got my company registered and incorporated, I started the process to change from individual developer account to a company account in the middle of March.
14 days and a phone call from Apple later, I am now approved as a company to submit applications to the AppStore!
