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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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What is LLC?

DED
Timing: Saturday to Thursday 7:30am to 1:30pm
Call Centre: 7000 40000

Website: www.dubaided.gov.ae 
 

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