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What are the procedures of adding Partner and Capital increment in LLC Company (Dubai)?

LIMITED LIABILITY COMPANY (LLC) AMENDMENT

SCENARIO:
New investor wants to join an existing LLC License and partners agreed to  increase capital in Memorandum of Association Agreement. No need bank certificate for increased capital.

STEPS TO FOLLOW

DESCRIPTION

FEES IN AED

Initial approval from Department of Economic Development (DED) or Tas'heel Centre. Type (BR1) form, get signature of the existing and new partners and submit at DED. Form can be filled from Typing Centre.

Attachments: Existing LLC Agreement (MoA), Copy of Trade License, Partners List, Passport copies of partners, NOC from sponsor for new partner who holds Employment Visa/Residence Visa. Visit/Tourist Visa holder can attach his/her visa copy. No need NOC for Partner/Investor visa holders.
DED officer will write No Objection for adding/removing partner at the bottom of the BR1 Form.

150 at Tas'heel Centre

Type Addendum to LLC Agreement (Share Sale & Capital Increment Agreement) from a legal translator and get attested from Notary Public at Al Tawar Centre or Al Barsha or DED at Business Village near Clock Tower. Legal translator's seal is not required if the the agreement is only in Arabic.
CAPITAL:
You can write the capital amount in LLC Agreement as much as you want. No need to show Capital deposit certificate from the bank. Notary will charge a small percentage at the time of attestation according to the Capital amount and number of partners. 51% should be allocated to National Partner and remaining 49% can be divided among expatriate partners. If the expatriate partners are three, you can put capital Dh500,000 and divide 49% as you like. You can increase capital according to the number of partners. A partner's share value should be Dh70,000 or more to apply for Partner/Investor Visa.
It is difficult to get partner visa for more than two partners.
 

400 (Approx)

Attestation fee at the court (Notary Public)

1350 (Approx)

All Partners or Attorney have to attend at Notary to sign the Court Agreement.
If any existing partner wants to withdraw from the company and he/she  is outside, he/she can send Power of Attorney authorizing other Partner to represent him/her at the Court. This Power of Attorney should be attested by UAE Embassy in home country and Ministry of Foreign Affairs in UAE. It should be translated into Arabic (legal) if it is made in other language.

 

Submit the attested Addendum (one original copy), BR1 form,  Passport copies of partners and NOC for partner (if any), at any branch of DED or Tas'heel Centre. Payment voucher will be issued same time or you can take print from DED website. Make payment at the counter and get the license. You can also pay using Credit Card/Direct Debit through DED website after issued the payment voucher. You will get new License with new partners name.
If this is the time for License Renewal, you should attach EJARI Registration Certificate also. Renewal fees will show in the Payment Voucher.

Do you need this service? Mail your queries to visaprocess.ae@gmail.com

 

 

Approximate fees for Adding Partner & Capital Increment in LLC  License at DED

2526

 

Break-up cost of Adding Partner & Capital Increment in LLC  License at DED

Description

Fees in Dhs

Partner Addition Fees

500.00

License Modification Fees

50.00

Capital Change Fees

500.00

Government Cultural Fees

20.00

Administrative Services Fees

50.00

Partner Accommodation Fees

306

Dubai Chamber Modification Fees

100.00

Ministry of Economy & Commerce Fees

1000.00

Total Fees (approximately)

2526.00

Walk-in Submission facility is available at Tas'heel Centers.
Appointment: You have to take online appointment to submit applications at Economic Department (DED)
Head Office, Business Village, Near Clock Tower, Deira, and Dubai Mall branch.
How to make online appointment?
: Create a new user account through MYID Website. You should have Emirates ID and Card Reader to complete the registration. After submitting required information, you will get a username and password. If you have difficulty in creating User Account, you can go to
Tas'heel Center. Fees: Dh50. Self service kiosks are available at DED Branches, Municipality Service Centers and all other government departments. This user ID is common for all government services under Smart Dubai.
After creating the account, enter DED site and make appointment. Submit the documents at the selected DED branch.
Appointment system can be used to avoid waiting at DED.

If you want to change Authorized Signatory in Dubai Chamber, you can do it after the new License issued. Dubai Chamber branch is there at the same DED building. Collect Registration Form from there, Fill the information, Put authorized signature and company stamp and submit at Dubai Chamber counter. Payment already made at DED along with the License Amendment fees.
Documents required: Filled form,  Copy of Trade License, Partners List, Commercial Register (3 pages of trade license), LLC Agreement, Passport copy of Authorized Signatory and DED Payment Receipt of Trade License.
Chamber Certificate is required for Export & Import purpose, for Registration with various Government Departments and to expand business to other Emirates and abroad.

DESCRIPTION

FEES IN AED

Immigration Establishment Card
If you want to change
 Authorized Signatory in Immigration Establishment Card, you can do it after the new License issued. Application can be prepared from Typing Centre. Put Company Seal and Signature of Authorized Signatories and  Submit at Immigration Office. Card will be issued same time. Power of Attorney is required if the power is not mentioned in the LLC agreement for the authorized signatory.
Attachments: Typed Application, New Trade License Copy, Partners List, LLC Agreement and new Addendum, Power of Attorney (if any), Passport copies of authorized signatories.
If this is the time for Immigration Card Renewal, you should add Dh3900 Read more

300 (Approx)

Labour Establishment Card
If you want to change
Authorized Signatory in Labour Establishment Card, you can do it after preparing special labour power attorney and get it attested from Notary. Power Attorney can be typed from Typing Centre and Labour Establishment amendment form should be typed from Tas'heel Centre. Submission at Labour Office. Amended Card will be issued same time. Read more

No Government Fees. Pay Typing Charge only at Tas'heel Centre
150 (Approx)

 

DED (Economic Department) Branches
Head Office: Business Village
Near Clock Tower
Deira, Dubai
Tel:04-4455196

Tel: 04-4455006 (VIP Section)


Al Tawar
Al Tawar Centre, First Floor, Qusais, Deira, Dubai
Tel: 04-601 3333

Dubai Mall
Deira, Dubai
Tel: 04-382 7709

Al Barsha Mall Branch
Bur Dubai, Al Barsha 2, Street 23rd.
Tel: 04-202 0429

DED Timing: Saturday to Thursday 7:30am to 1:30pm
Website: www.dubaided.gov.ae  
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Tags: how can I add partner in LLC License? how can we increase capital in LLC company? what are the steps to add partner in license?

തിരുവനന്തപുരം UAE കോണ്‍സുലേറ്റില്‍ വിസ നടപടിക്രമങ്ങള്‍ക്കായി പോകുന്നവര്‍ക്ക് ആവശ്യമായ മെഡിക്കല്, അപ്പോയ്ന്‍റ്മെന്‍റ്, മെഡിക്കല്‍ സര്‍ട്ടിഫിക്കറ്റ് അറ്റസ്റ്റേഷന്, ക്രഡിറ്റ്കാര്‍ഡ് വഴി കോണ്‍സുലേറ്റില്‍ പണം അടക്കല്, താമസം, യാത്ര തുടങ്ങിയ സേവനങ്ങള്‍ക്ക് ബന്ധപ്പെടുക.
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