What are the procedures of Selling Professional License and Changing
Legal Status to Service Agent? |
SOLE
ESTABLISHMENT / CIVIL COMPANY - SERVICE AGENT
SCENARIO:
Existing
Professional License with UAE
National's sole ownership. Expatriate Investor wants to be the License
owner and change the UAE National sponsor into Service Agent. If the
owner is more than one in Professional License, it is called
Civil
Company.
STEPS TO FOLLOW
DESCRIPTION |
FEES
IN AED |
Initial approval from Economic Department (DED) or
Tas'heel Centre at Al Tawar Centre
Qusais. Type (BR1) form,
get signature of the existing and new owner/partners and submit at DED. Form can be
filled from Typing Centre
Attachments: Copy of
Professional License, Passport copies of owner/partners, NOC from sponsor for new
owner/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 new expatriate owner's visa is under
the same license
DED officer will write No Objection for selling license to new
owner(s) and changing
UAE
National into Service Agent,
bottom of the BR1 Form. |
No
Fees |
1. Type Sale Agreement (Professional License sale from
UAE
National to expatriate owner(s)
2. Type
Local Service Agent Agreement appointing UAE National as Service
Agent of the Establishment from a legal translator and get them 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. You should
mention Sponsor's yearly fees in this Agreement.
3. If there is more than one owner, you should make one
more agreement (Civil Company Partnership Agreement) and get attested from Notary Public.
CAPITAL:
You can write
the capital amount in Civil Company Partnership 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. You can divide the shares
as you like and increase capital amount according to the number of
partners. A partner's share value should
be Dh70,000 or more to apply for
Partner/Investor Visa.
INVESTOR
VISA:
A partner in a professional license (Civil Company) will be
required to pay Dh20,000
as security deposit. An investor in sole establishment license
(professional license without partner) needs to deposit
Dh10,000 only.
• Deposit
amount is refundable after visa cancellation. |
500
(Approx) |
• Attestation fee at the court (Notary Public)
• All parties
(old/new/partner/owner) or Attorney have to attend at Notary to sign the Court
Agreement. |
600
(Approx) |
Submit the attested Agreement (one original copy each), BR1 form
(Initial Approval),
Passport copies of owner/partners and NOC for expatriate owner/partners (if any), at any branch
of DED. Payment voucher will be issued same time or you can take
print from
DED website. Make payment at the counter
or pay using
Credit Card/Direct Debit through DED website after issued the payment voucher.
You will get new License with new owner(s) name after 15
days from the date of submission. DED will publish Sale
Declaration in Arabic Newspaper during this period.
•
If this is the time for License Renewal, you should attach Tenancy
Contract and EJARI Registration Certificate. Renewal fees will
show in the Payment Voucher. |
|
Approximate fees at DED for
Selling Professional License and Changing Legal Status to Service
Agent
License |
2320 |
|
Break-up cost of Selling
Professional License and Changing Legal Status to Service Agent
at DED |
Description |
Fees
in Dhs |
License Sale
Declaration Fees-Newspaper |
500.00 |
Legal Status Change
Declaration Fees-Newspaper |
500.00 |
Business Sale Fees |
500.00 |
Legal Status Change
Fees |
500.00 |
Commercial Service Fees |
200.00 |
License Modification
Fees |
50.00 |
Government Cultural
Fees |
20.00 |
Administrative Service
Fees |
50.00 |
Total Fees (approximately) |
2320.00 |
|
• Fees my vary depends on service and
number of owners
NOTE:
You have to take online appointment to submit initial approval
application at Economic Department (DED).
• Create a
new user account in DED Website for
your company. After submitting required information, you will get
username and password. Enter the site and make appointment. Submit the
documents at the selected DED branch.
• If the available date is too
long, you can go to DED branch and pay Dh500 urgent fees to get
your document cleared same day. Urgent fees will show in your final
payment voucher.
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 within five
minutes.
Attachments: Typed Application, New Professional License Copy,
Copy of Service Agent/Partnership Agreement, Passport copies of
new 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
If you want to change
Authorized Signatory in
Labour Establishment Card you can
do it after adding his/her signature in Immigration Establishment Card.
(Application should be typed from
Tas'heel Centre).
Submission at
Labour Office. Amended Card will be issued within five minutes.
Read more |
No
Government Fees. Pay Typing Charge only at Tas'heel Centre |
DED (Economic Department) Branches
Head Office: Business Village
Near Clock Tower
Deira, Dubai
Tel:04-222 9922
Location Map (Click here)
Dubai Mall
Deira, Dubai
Tel: 04-382 7777
Al Tawar
Deira, Dubai
Tel: 04-6013333
TECOM Branch
(To register licenses in TECOM area)
Dubai
Tel: 04-3754115
Location Map (Click here)
--------------------------------------------------------------------------------------------------------
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Timing: Saturday to Thursday
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Call Centre: 7000 40000
Website:
www.dubaided.gov.ae
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