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How to add and remove partner in LLC company? 1. First you have to get the Initial approval from Dep - Dubai

(Al Nahda)

Post #: A38371048
Posted on: 08 October
Reply to: (Use contact form below)

 

How to add and remove partner in LLC company?

1.      First you have to get the Initial approval from Department of Economic Development (DED)

2.      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? 

ยท         LLC company Agreement (Memorandum of Association),

ยท         Trade License copy,

ยท         Partners List page,

ยท         Commercial Register page,

ยท         Passport copies of all the partners,

ยท         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).

Department of Economic Development authority will write No Objection for adding partner or Removing Partner at bottom of the BR1 Form/Application form.

3.      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.

4.      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).

5.      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.

6.      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.

7.      Finally, you 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/

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