License Amendment
A license amendment in the UAE allows businesses to modify their existing trade license to reflect changes in company activities, ownership structure, location, or other essential details. Here’s what you need to know:
Types of License Amendments – Businesses may need to update their trade license for various reasons, including changing company name, adding or removing business activities, relocating offices, or modifying shareholder structure.
Required Approvals – Some amendments require approval from relevant authorities, such as the Department of Economic Development (DED) for mainland businesses or Free Zone Authorities for free zone entities.
Updated Legal Documentation – Modifications often require updated contracts, shareholder agreements, and supporting documents for approval.
Fee Structure – Amendment costs depend on the nature of the change and the licensing body. Additional fees may apply for certain approvals.
Processing Time – While some amendments can be processed within a few days, others (such as ownership changes) may take longer due to regulatory approvals.
Impact on Business Operations – Failure to update an outdated trade license may result in non-compliance issues, fines, or restrictions on business activities.
Would you like assistance in navigating the amendment process for your company?