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Change of the local partner in a limited liability company

Hi.

I have technical and cleaning services company and I had a local sponsor and had renewed my licence for 3 continuous years.

I have a new partner and he wants to local sponsorthe local sponsor because from the time we took from them they kept on taking money but not taking any approvals we had to wait so long to do every procedure.

We decided to change the sponsor, and at first, he agreed, but now he doesn’t want to let go of the company. I’m totally stuck with such hard work and I’m clueless how to change him.

I need some advice what would be the best solution for us.

MIO Law Firm (Abu Baker Salem Advocates & Legal Consultants)
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5 Jul 2018, 11:40

Dear Sir,

In reference to your query, you can change the partner (local sponsor) in your company.

However, in order to provide you with proper legal advice, we need to review the trade license, memorandum of association and other related documents to ascertain the category/kind of company, manager (authorized signatory)...etc.

If you require any further assistance, feel free to reach me.

Regards,

Ahmed Odeh

a.odeh@miolawfirm.com

6 Jul 2018, 16:58

Thank you.

That’s a great relief for me to hear.

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