License

Share Capital Increase

• Description

  This service allows the company to increase its issued share capital by allotting additional shares. New shares can be allotted to existing shareholder or new shareholder. The applicant – which is in this case one of the existing shareholders of the company – specifies the shareholders who will increase their shares.

• Prerequisites
  • Commercial License must be valid
  • The company must be of type FZ LLC
• Required Documents

  Share Affairs - Increase Share Capital by issuing new Shares to New Individual Shareholder(s):

  • Valid Passport copy of the new Shareholder(s).
  • RIC (Registry Identification Code) form for new shareholder (Notarized).
  • A Shareholder's Resolution from the existing FZ-LLC shareholders confirming the increase of Share Capital by issuing New Shares to new Shareholders (Notarized & Attested up to the level of UAE embassy).
  • A Resolution from the new shareholder confirming the acquisition of the new shares (Notarized & Attested up to the level of UAE embassy).
  • Original Bank letter confirming the deposit of an additional Share Capital.

  Share Affairs - Increase Share Capital by issuing new Shares to New Corporate Shareholder(s):

  • Shareholder's Resolution from the existing FZ-LLC Shareholder (Notarized & Attested up to the level of UAE embassy).
  • Board Resolution - Acquisition of Shares by a Corporate person as Shareholder from the new corporate shareholder (Notarized & Attested up to the level of UAE embassy).
  • An Original Bank letter confirming the deposit of an additional Share Capital.
  • If the New shareholder is a Foreign Company:
  • Certificate of Incorporation.
  • Certificate of Good Standing (Original or Notarized).
  • Memorandum of Association and Articles of Association.
  • If the New shareholder is a UAE Company:
  • Valid Trade License/ Commercial Register.
  • Memorandum and Articles of Association.

  Share Affairs - Increasing the Share Capital by Issuing New Shares to the Existing Shareholders:

  • Shareholders Resolution confirming an increase in the Number of Shares and re-distribution of Shares – Notarized & Attested up to the level of UAE embassy.
  • Original Bank letter confirming the deposit of an additional Share Capital.
• Fees (AED)

  AED 3500 per increasing

  For more details click here

• Time Frame

  2-5 working days

• Service Channels

  Online

• Policies And Procedures
  • Apply online.
  • Select Commercial Services
  • Apply for Sharecapital Increase
  • Add the desired shareholder(s) "Maximum 30 shareholders" who will be involved in the share capital increase request
  • DHCA - Regulations Team reviews the application
  • Notarize the generated documents then stamp them
  • Make Payment (Payment can be made over available channels: counter, online, cheque or via wire transfer)

  Please find below the Wire Transfer details:

  Name of the bank: Dubai Islamic Bank

  Address: Main branch, Al Shola Building, Al Ettihad Road, P.O. Box 1080, Dubai, UAE

  Account name: DUBAI HEALTHCARE CITY AUTHORITY

  Account number: 001520061672102

  International Bank Account Number (IBAN): AE900240001520061672102

  SWIFT: DUIBAEAD

  Currency: AED

  • Commercial license will be amended