Amendment of Shares

In managing your evolving business, you may decide to change certain aspects of its structure, such as name, activity or registered address. Any modification in the license must be approved by the relevant authority.

Any partner may transfer their company shares to one or more partners, or a third party, by signing a UAE court-notarised board resolution. All the partners in the license, or their representative having the notarised power of attorney, must sign the share transfer instrument in front of the Notary public to initiate the process. Transfer of the shares is only possible after approval from the relevant authorities and NOCs.
Any and all amendments to the license not recorded in the commercial register at the relevant authority will be considered null and void.

Next Generation Corporate Services has extensive experience in this area and will make the process of any amendment simple by doing the majority of the work.

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