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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 Economic Department (DED) or Tas'heel Centre at Al Tawar Centre Qusais or Tas'heel Centre at Muraqabat. 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, Commercial Register, 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.

No Fees

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 and dependents visa or he/she will have to deposit Dh10,000 at the Immigration. Deposit amount is refundable after visa cancellation.

300 (Approx)

Attestation fee at the court (Notary Public)

1210 (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. 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 partner's name.
If this is the time for License Renewal, you should attach EJARI Registration Certificate. Renewal fees will show in the Payment Voucher.

 

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 DED Head Office, Business Village, Near Clock Tower, Deira.
Appointment: You have to take online appointment to submit initial approval application at Economic Department (DED).

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 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, and Emirates ID centers at Karama, Barsha & Rashidiya.
After creating the account, enter DED site and make appointment. Submit the documents at the selected DED branch.

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 within five minutes.
Attachments: Typed Application, New Trade License Copy, Partners List, LLC Agreement and new Addendum, Passport copies of authorized signatories.
If this is the time for Immigration Card Renewal, you should attach office Location Map in Arabic 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 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 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:04-4455196

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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Investor/Partner Visa Stamping

Employment Visa


 

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