How to remove shareholder's name from a professional license?

Question

Q: How can I remove my shareholder name from a professional license in Dubai economy? And how can I cancel my partner visa from this license?… A: You can make a board resolution and on the basis of that, assign the share to the existing shareholder or sell the share to the third party…

Khaled Mahmoud Shibl · Accepted Answer

Hello,

As per your query, we need to check: what is the share you are holding?

Then you can make a board resolution and on the basis of that, assign the share to the existing shareholder or sell the share to the third party.

And then once it is done, the license and the memorandum are amended accordingly. Also, you have to check with your local partner for the exit. And the cancellation of the visa process will be after the pre-described steps.

Kindly contact us via phone or email for further assistance.

Questions & Answers