How do I add additional shareholders to a trade license in Dubai?

To add additional shareholders to a trade license in Dubai, you need to check the eligibility requirements, prepare the required documents, submit the application, and wait for approval. It’s important to start the process early, have all the required documents, and submit the application correctly. You can also consider using BizDaddy, a company that specializes in business setup and licensing in Dubai, to assist you throughout the process.

Check the eligibility requirements:

Not all businesses are eligible to add additional shareholders. For example, businesses that are 100% owned by a government entity or a free zone authority cannot add additional shareholders.

  1. Prepare the required documents. The required documents will vary depending on the nationality of the new shareholder. However, some of the common documents include: Passport copy of the new shareholderEmirates ID copy of the new shareholder (if applicable)Proof of residence (if applicable)Memorandum, and Articles of Association (if applicable)Shareholders’ resolution UBO declaration form
  2. Submit the application. The application can be submitted online or at a DED service center. The application fee is AED 300 for each party’s signature if the difference in capital increase in addition to the total value of the sale is less than 100,000. If the difference is more than 100,000, the fee is 0.5% of the value of the amendment.
  3. Wait for the approval. The approval process usually takes 5-7 working days. Once the application is approved, the new shareholder will be added to the trade license.

Here are some tips for adding additional shareholders to a trade license in Dubai:

  • Start the process early. The approval process can take some time, so it’s important to start the process early.
  • Make sure you have all the required documents. The DED will not approve your application if you don’t have all the required documents.
  • Submit the application correctly. Make sure you submit the application correctly. Any errors in the application will delay the approval process.

Conclusion

I would recommend using Bizdaddy to add additional shareholders to your trade license in Dubai. BizDaddy is a company that specializes in business setup and licensing in Dubai. They can help you with the entire process, from preparing the documents to submitting the application. They also have a team of experts who can answer any questions you have about the process.