SCENARIO:
Existing Sole Establishment License with UAE
National's sole ownership. Expatriate Investor wants to
join the license as partner and convert it to LLC.
STEPS TO FOLLOW
DESCRIPTION
FEES
IN AED
Take Appointment for Approval From DED: You have to take online appointment to submit
Initial Approval
application at Economic Department (DED). 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 Centre (for DED Services) at Al Tawar Centre,
Qusais. Fees: Dh50. Self service counters are available at DED
Business Village Branch, near Clock Tower, Deira. After creating the account, enter
DED site and make appointment. Submit the
documents at the selected DED branch.
If you don't have Emirates ID, you can use your local partner's
user ID to make appointment. MYID Call Centre:600 56 0000.
This user ID can be used for various government sites.
Initial approval from Economic Department (DED). Type (BR1) form,
get signature of the partners and submit at DED. Form can be
filled from Typing Centre. Attachments: Existing
License, BR1 Form and Passport copies of partners, NOC from sponsor for expatriate 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.
NOC is required even if the joining partner is under the same
company's employment visa. DED
Officer will issue Initial Approval paper with Follow-up/
Transaction receipt. External Dept. Approval: Some business activities
need external department's approval at the time of license
renew/amendment, like
Municipality approval for
Building Contracting, RTA
approval for Transport...read
more
Court Agreement: Type
LLC Agreement (MoA) 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 bank. Notary will charge a small
percentage at the time of attestation according to the Capital
amount and number of partners. Standard capital amount is
Dh300,000 out of which 51% (Dh153,000) should be
allocated to National partner and remaining 49% can be
divided among expatriate partners. If the expatriate partners are
two, you can divide the remaining shares to 25% (Dh75,000)
& 24% (Dh72,000). If the expatriate partners are
more, you can increase the capital. A partner's share value should
be Dh70,000 or more to apply for
Partner Visa
under normal criteria.
Agreement Typing Charge
400
(Approx)
Notarization: All
Partners or Attorney have to attend at Notary to sign the Court
Agreement. Show your Passport or Emirates ID to prove identity at
Notary Public.
Attestation fee at the court (Notary Public)
1000
(Approx)
Submit the attested LLC Agreement (one original copy), Existing
license, BR1 form, Follow-up receipt, External departments
approval (if any) and NOC for
partners (if any), at DED as per your appointment. 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.
Approximate fees for converting license to LLC at DED (Excluding the above mentioned fees)
3050
Break-up cost of
renew, converting license to LLC and name change
at Dubai DED
Description
Fees
in Dhs
Partner
addition Fees (Dh1000 extra for each partner)
1000.00
Managing Director addition Fees (Dh500 extra for each
Manager)
500.00
Legal
form change declaration Fees
500.00
Legal
form amendment Fees
500.00
Government Cultural Fees (to be paid every year)
50.00
Partner
Accommodation Fees (Dh500 for each expatriate Partner). If
any of the partner paid his accommodation fees with any other
license, you can approach DED to remove his fees after get issued
the Payment Voucher (to be paid every year)
500.00
Total License cost at DED (approximately)
3050
Dubai Chamber:If you want to change authorized
signatory at Dubai Chamber, you can do it after new
License issued by DED. Dubai Chamber counter can be found at all DED
branches. Collect Registration Form from there, Fill the information,
Put authorized signature and company stamp and submit at Dubai Chamber
counter. Certificate will be issued same time. Payment already made at
DED along with the Commercial License 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
You will have to make changes in Immigration Card according to the
amendments made in the License. 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 within ten
minutes. Attachments: Typed Application, New License Copy,
Copy of LLC Agreement, Passport copies of
authorized signatories.
If this is the time for Immigration Card Renewal, you should attach office
Location Map in Arabic, Tenancy Contract and EJARI Registration
Certificate.
Read more
250
(Approx)
Labour
Establishment Card
You should make changes in Labour Establishment Card
according to the amendments made in the License. You can do it after
changes made in Immigration Card. Labour Establishment amendment application should be typed from
Tas'heel Centre. Submission at
Labour Office. New Card will be issued within five minutes.
Read more
No
government Fee. Typing Charge
200
(Approx) at Tas'heel Centre
LICENSE RENEWAL: Commercial license is valid for one year.
After expiry, 30 days grace period is there. If not
renewed within grace period, Dh200 fine per month will be
charged at DED.
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
First Gate Business
Service,
Office No.2, Al
Shamsi Building, Near
Zulekha Hospital,
Opp. Al Madeena Supermarket, AL NAHDA-2, Qusais, Dubai,
United Arab Emirates
Tel.+9714-239 1302, 04-252 22 22, 04-265 8373, 04-258 6727
Email: visaprocess.ae@gmail.com