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 or Call 055 273 2295, 055-345
7829
|
|
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
and submitted through online at
AMER Centre. Soft copy
of Immigration card will be mailed soon to your
registered ID. No more plastic card is issued.
Power of Attorney is
required if the power is not mentioned in the LLC
agreement for the authorized signatory.
Attachments: Original Emirates ID of license
owner/partner. 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 Dh646 (without eDNRD online facility)
Read more |
300 (Approx) |
Labour Establishment Card
If you want to change
Authorized
Signatory in
Labour Establishment
Card, you can do it after filling special labour power
attorney forms which is available at typing centre (two
forms to be filled). No need Notary attestation now.
Labour Establishment amendment online form should be
typed and submitted through online at
Tas'heel Centre.
Once it is approved, you will get notification through SMS or you can track through MOHRE Website
by entering MB number. No more hard copy is available.
Documents required for adding new signatory:
e-Signature card of sponsor/partner, New license copy
with partners list, Passport copy and Emirates ID
of new partner, MOA, Power of Attorney forms &
Immigration Establishment card copy.
Read more |
No
Government Fees. Pay Typing Charge only at Tas'heel
Centre
Dh123 (Approx) |
|
|
For DED related Service; call 055-811 7883, 055-273
2295
------------------------
To prepare your Dubai visa applications, call:
Qusais (Al Nahda-2) Near Zulekha Hospital: 04-239 1302, 055 273 2295,
055-345 7829
Qusais (Al Nahda-2) Behind NMC Hospital: 056 8614786
Bur Dubai: 04-252 22 22, 055-9105757
Hor Al Anz: (Deira): 04-265 8373, 050-715 0562
Qusais (Damascus St): 04-258 6727, 054-300 5931
For Collection & Delivery Service; call 04-239 1302, 055 273 2295,
055-345 7829
For Family visa service of all other emirates, call: 04-252 22 22,
055-9105757
------------------------
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
Call us for Saudi Visit Visa, Saudi Family Visa, Saudi Employment visa
stamping, Saudi Embassy
service, Certificate attestation and Family visa service of all
emirates
055-9105757, 04-252 22 22
or mail your queries to
visaprocess.ae@gmail.com
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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?
|
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Explore International +91-95 390 51 386 |
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Investor/Partner Visa
Stamping |
Employment Visa |
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