How to remove shareholders from a trade license in Dubai?

There are two ways to remove shareholders from a trade license in Dubai:

  1. By mutual agreement: All the shareholders of the company must agree to remove the shareholder. This can be done by signing a shareholders’ agreement or a resolution of the board of directors.
  2. By court order: If the shareholder does not agree to be removed, the other shareholders can apply to the court for an order to remove the shareholder. The court will consider the merits of the case and make a decision.

Here are the steps involved in removing a shareholder from a trade license in Dubai by mutual agreement:

  1. All the shareholders must agree to remove the shareholder. This can be done by signing a shareholders’ agreement or a resolution of the board of directors.
  2. The company must file an application with the Dubai Economy to remove the shareholder from the trade license. The application must be accompanied by the following documents:
    1. A copy of the shareholders’ agreement or the resolution of the board of directors
    2. A copy of the shareholder’s passport or Emirates ID
    3. A copy of the shareholder’s share certificate
  3. The Dubai Economy will review the application and approve it if all the requirements are met.
  4. The company will be issued a new trade license with the removed shareholder’s name removed.

Here are the steps involved in removing a shareholder from a trade license in Dubai by court order:

  1. The shareholders who want to remove the shareholder must file a case in court. The case must be filed in the Dubai Court of First Instance.
  2. The court will issue a summons to the shareholder who is being removed. The shareholder must appear in court to answer the charges.
  3. The court will hear the case and make a decision. The court may order the shareholder to be removed from the trade license.
  4. The company will be issued a new trade license with the removed shareholder’s name removed.

If you are looking for a reliable and efficient way to remove a shareholder from a trade license in Dubai, I recommend using BizDaddy They can help you get the process started quickly and easily, and they will be there to answer any questions you have along the way.