License

Conversion From Branch To FZ-LLC

• Description
  • This service request allows an entity to reform the License Status from Branch to FZ LLC.
  • While operating as a Branch of a Company, any Business Partner is allowed to rearrange their operation status from a Branch to an FZ-LLC. This process is equivalent to forming a new company. The Licensee need to maintain the parent company as the initial share holder of the proposed FZ-LLC.
  • Note: The License Number of the Branch Company will remain for the proposed FZ LLC.
  • The applicant must specify the following :-
    • Director(s)
    • Legal Representative
    • The share capital of the company
  • The service ends with an amended commercial license, MOA, AOA and new Certificate of incorporation, shareholder certificate and company registry for the company
• Prerequisites

  The commercial License must be valid

  Legal framework of company must be Branch

• Required Documents
  • Board Resolution converting the Branch to FZ-LLC
  • Power of Attorney to individual to subscribe the shares on behalf of the Company (if applicable)
  • Proof of capital from any bank operating in the UAE or deposit receipt in trust account
  • Certificate of Good Standing for the Parent Company

  • Proposed Director :
    • A copy of valid Passport (please include the pages of the valid Residence Permit or Visitor's Visa page if residing in or visiting UAE).
    • A copy of the Emirates Identity Card residing in UAE (optional).

  • Existing Manager :
    • A copy of valid Passport (please include the pages of the valid Residence Permit or Visitor's Visa page if residing in or visiting UAE).
    • A copy of the Emirates Identity Card residing in UAE (optional).

  • Legal Representative :
    • A copy of valid Passport (please include the pages of the valid Residence Permit or Visitor's Visa page if residing in or visiting UAE)A copy of the Emirates Identity Card residing in UAE.
    • A copy of the Emirates Identity Card residing in UAE) (optional).
• Fees (AED)

  Fees : AED 3500

  For more details click here

• Time Frame

  2-5 working days

• Service Channels

  Online

• Policies And Procedures
  • Apply online.
  • Select Investor Services
  • Fill the form and select desired directors(s), legal representative(s) and define the new share capital of the company
  • download bank account letter and decide whether to change the current bank or not
  • Notarize the generated documents then stamp them
  • DHCA - Regulations Team reviews the application
  • 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: 001520046515501

  International Bank Account Number (IBAN): AE610240001520046515501

  SWIFT: DUIBAEAD

  Currency: AED