Licence Sale and Merger of Companies
.This service allows the sale/merger of a business with another establishment
Licence Sale and Merger of Companies
Service Fees
7500 AED.
Conditions and Requirements
N/A
Required Documents
- Resolution of the management body of both companies.
- Certificate / statement of merger from competent authority in the country of incorporation of both companies.
- True copy of the amendment of agency contract according to the new status or the termination of the contract and the submission of the new one.
- Official certificate from the competent authority in the country of registration of the new company resulting from sale/merger stating: the name, legal form and capital of the company as well as the name of its owners and its business.
- True copy of Authorization granted to the manager and his passport.
- Original of certificate of registration / renewal of registration of branch(es) in the Ministry’s register.
- True copy of the trade name reservation / initial approval of the competent authority in the emirate indicating the required activity (if the trade name and activity are subject to change as a result of sale/merger).
- Payment of sale/merger fee (AED 7500) through E- Dirham for the head office of the company in the State. For branches, if any, only amendment is required through the occurrence of the change and payment of amendment fee for each branch accordingly.
Steps and Procedures
- Login to MOE website.
- Choose the service from the list of services
- Fill in the application data
- Attach documents
- Verify the accuracy of inserted data and attached documents.
- Give the company the approved announcement form in order to be published for one time in any local newspaper issued in Arabic language.
- Submit a bank guarantee equal to (AED 50,000) for each branch from a bank operating in the State.
- After 2 weeks of publication of announcement, accept the application after making sure that the prescribed fees were paid and amend the details of the company in the register by the previous company’s branch registration number.
- Re-issue the new registration certificate (in case of expiry of registration at the time of issue, a renewal fee (AED 7500) shall be paid for each branch/office whose registration has expired) and note the sale process thereon.
- In the event of provision of new bank guarantee, the amended bank guarantee shall be released through a letter sent to the issuing bank and handed over to the company’s representative with the original cancelled bank guarantee enclosed therewith.
- In the event of the application being rejected, a message is sent to the facility through the electronic system among the reasons for the rejection.
Service Type
Procedural
Average Duration for Service Delivery
3 Working Days
Service Provision Channels
- MoE website.
- MoE smart app.
Target Audience
- UAE nationals, residents, foreign companies
Service Provision Timings
24 / 7
Sustainable Development Goals
Contact Details
Call Center
Phone
8001222
Email
info@economy.ae
