How to add and remove partner in LLC company?
First you have to get the Initial approval from
Department of Economic Development (DED)
Type (BR1) form, get signature of the existing and new
partners and then submit at DED. (Form can be filled by Typing Center)
What are the required documents to add partner and remove partner
in LCC company?
LLC company Agreement (Memorandum of
Trade License copy,
Partners List page,
Commercial Register page,
Passport copies of all the partners,
No Objection Certificate (NOC) from sponsor for
new partner who holds Employment Visa or Residence Visa. (Visit/Tourist
Visa holder can attach their visa copy).
of Economic Development authority will write No Objection for adding partner or
Removing Partner at bottom of the BR1 Form/Application form.
Type Addendum to LLC Agreement from a legal translator
and get attested from Notary Public at Al Twar Centre or Al Barsha or DED at
Business Village near Clock Tower
Note: Legal translator's seal is not required if the agreement is
only in Arabic.
All Partners have to attend at Notary to sign the Court
Agreement. If any of the existing Partners is outside UAE
then they can issue a Power of Attorney (POA) authorizing one of the Partners
on the license to represent them at the Courts in the notary public. The Power
of Attorney (POA) should be attested by UAE Embassy in home country and
Ministry of Foreign Affairs in UAE. if it is made in other language then it
should be translated into Arabic).
Submit the attested Addendum (one original copy), BR1
form, Passport copies of all the partners and NOC for new partner (if any), at
any branch of DED.
Then the DED authority will issue a Payment voucher at
the same time or you can take print from the DED website and make payment at
the counter and get the license.
will get new License with new partner's name mentioned on it.
Note: If the License Renewal is due
then you should attach Tenancy Contract and the EJARI Registration Certificate.
Renewal fees will be shown in the Payment Voucher.
For more details, contact us: 00971589827842 or visit: http://www.mszconsultancy.com/