What documents are required to acquire a local LLC?

Dear questioner,

We need to prepare the MOA and obtain the necessary approvals and attestations. Apply for the required business licenses and permits from the DED and other relevant authorities.

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According to UAE law, acquiring a local LLC involves specific documents and procedures, including:

- Share transfer or sale agreement between the current owners and the buyer.

- A copy of the valid trade license.

- No Objection Certificate (NOC) from existing partners.

- Amendment of the Memorandum of Association (MoA) through a notary public.

- Approvals from relevant authorities, depending on the business activity.

- Payment of fees to the Department of Economic Development (DED).

Our center specializes in LLC acquisitions and commercial license modifications, and we offer full legal support to ensure the process is completed smoothly and in compliance with the law.

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Greetings,

To acquire a local LLC in the UAE, the process involves several key steps and document requirements:

1. Required Documents:

- Passport copies of the shareholders and managers.

- Emirates ID (if applicable).

- No Objection Certificate (NOC) from current sponsors (if applicable).

- Trade name reservation from the relevant authority.

- Lease agreement for the office or business premises.

- Shareholder details, including ownership structure.

2. Process:

- Trade Name Reservation: Reserve your company name with the relevant authority.

- Initial Approval: Obtain initial approval from the Department of Economic Development (DED).

- Drafting of the Memorandum of Association (MOA) and Local Sponsor Agreement (if required).

- License Issuance: Finalize the lease and submit all documents to receive your company license.

- Bank Account: Open a corporate bank account for the business.

Given the complexities, we highly recommend scheduling a consultation to guide you through the process smoothly.

Book a consultation now with us to ensure a hassle-free company setup.

Required Documents:

- A copy of the founders' passports.

- A copy of their residency visas (if applicable).

- A notarized articles of association.

- Approval from the relevant authorities (if required).

- Reservation of the trade name.

- A temporary bank account to open a company account.