BUSINESS CONTINUITY

License Amendment

UAQ FTZ licensees have to apply for license amendments which are mandatory procedures fulfilled by the shareholder/s wishing to amend the company information. Licensees can activate the license in line with the changes after the amendment is approved.

Types of Amendment
  • Amendment Application
  • Board Resolution.
  • Passport, Visa or entry stamp of Copy and photograph of new Manager/Director/ Secretary.
  • Any address proof (recent utility bill / national ID card etc. with address) of new Manager.
  • Resignation letter from current Manager/Director/ Secretary.
  • Specimen of signature form to be signed by new Manager/Director/ Secretary
  • Submit original page of License.
  • Application form.
  • Board resolution.
  • Color passport copy, visa page and photograph of shareholder.
  • Submit back original license, share certificate and lease agreement

Note:

  • Shareholder should send 3 new optional names among which, only one will be approved and reserved for 14 days.
  • Process will be started by giving advertisement in the newspaper for 15 days. During the advertisement period, new Service lease agreement, Addendum to MOA, AOA will be provided for signature.
  • Amendment form
  • Board Resolution
  • New Service Lease Agreement
  • Color passport copy, visa page and photograph of shareholder.
  • Amendment form
  • Board resolution/ Letter
  • Submit back original trade license and partners list of dual.
  • Amendment form
  • Board Resolution
  • Submit back original trade license.
  • Color passport copy, visa page and photograph of shareholder.
  • Amendment Application
  • Board Resolution
  • Copy of the legalized Power of Attorney (if applicable)
  • Submit back original License, Partner’s list, Memorandum and Articles of association.

Documents required for new Shareholder:

  • Color Passport Copy
  • Visa & Emirates ID copy or UAE entry stamp page copy
  • Any recent address proof (utility bill / national ID card etc. with address)
  • Photograph

Note:

  • Initially new shareholder Passport copy will require for security.
  • Presence of transferor of shares or their Power of Attorney (Notarized) is mandatory for signing the documents.
  • New Memorandum and Articles will be prepared and send by email for signature within 2 working days.
  • Amendment Application
  • Board Resolution
  • Copy of the legalized Power of Attorney (if applicable)
  • Submit back original License, Partner’s list, Memorandum and Articles of association.

Documents required for new corporate Shareholder:

  • Certificate of Incorporation and license
  • The Memorandum and Articles of Association
  • Good Standing Letter and
  • Original Board Resolution stating about share purchase and authorized signatory details.
  • Ultimate Beneficial Owner form (should be from all partners)
  • Passport copy & Proof of residence of the UBOs.
  • Color passport copy, visa page and photograph of Manager.

Note:

  • All corporate documents should be attested by UAE Embassy & MOFA (UAE) if the corporate from outside UAE, if inside all documents should be attested from concerned authority.
  • Presence of transferor of shares or their Power of Attorney (Notarized) is mandatory for signing the documents.
  • New Memorandum and Articles will be prepared and send by email for signature within 2 working days.
  • Amendment Application
  • Board Resolution from UAQFTZ company.
  • Board Resolution on the letterhead of “CORPORATE SHAREHOLDER” Company with authorized signatory details and attested from concerned Authority, or outside UAE corporate resolution have to be attested by UAE Embassy & MOFA (UAE).
  • Copy of the legalized Power of Attorney (if applicable)
  • Submit back original License, Partner’s list, Memorandum and Articles of association.

Documents required for new Shareholder:

  • Color Passport Copy
  • Visa & Emirates ID copy or UAE entry stamp page copy
  • Any recent address proof (utility bill / national ID card etc. with address)
  • Photograph

Note:

  • Presence of Authorized signatory is mandatory for signing the documents.
  • New Memorandum and Articles will be prepared and send by email for signature within 2 working days.
  • Amendment Application
  • Board Resolution from UAQFTZ company.
  • Board Resolution on the letterhead of “CORPORATE SHAREHOLDER” Company with authorized signatory details and attested from concerned Authority, or outside UAE corporate resolution have to be attested by UAE Embassy & MOFA (UAE).
  • Copy of the legalized Power of Attorney (if applicable)
  • Submit back original License, Partner’s list, Memorandum and Articles of association.

Documents required for new corporate Shareholder:

  • Certificate of Incorporation and license
  • The Memorandum and Articles of Association
  • Good Standing Letter
  • Original Board Resolution stating about share purchase and authorized signatory details.
  • Ultimate Beneficial Owner form (should be from all partners)
  • Passport copy & Proof of residence of the UBOs.
  • Color passport copy, visa page and photograph of Manager.

Note:

  • All corporate documents should be attested by UAE Embassy & MOFA (UAE) if the corporate from outside UAE, if inside all documents should be attested from concerned authority.
  • Presence of transferor of shares or their Power of Attorney (Notarized) is mandatory for signing the documents.
  • New Memorandum and Articles will be prepared and send by email for signature within 2 working days.
  • Amendment Application
  • Board Resolution on the UAQ FTZ Company.
  • Legalized Board Resolution of “CORPORATE SHAREHOLDER” (if corporate is shareholder)
  • Company bank account statement (stamped from the bank) or bank reference letter stating the number of shares in account (only applicable for/from AED 2 million and above).
  • Color passport copy, visa page and photograph of shareholder.
  • Submit back License and Partner’s list

Note:

  • New Addendum to Memorandum and Articles will be prepared and send by email for signature within 2 working days.
  • Amendment Application
  • Board Resolution on the UAQ FTZ Company
  • Legalized Board Resolution of “CORPORATE SHAREHOLDER” (if corporate is shareholder)
  • Color passport copy, visa page and photograph of shareholder.
  • Submit back License and Partner’s list

Note:

  • New Addendum to Memorandum and Articles will be prepared and send by email for signature within 2 working days.
  • Amendment application
  • Letter mentioning that the shareholder’s name has been changed from “previous name to new name” with the new passport number and other details; same have to be signed by the shareholder(s) and stamped.
  • If the shareholder is a corporate, then an original legalized Board resolution from parent company on their company letterhead stating that their name changed will be required.
  • Parent company – license, Addendum, good standing letter will be required.
  • Color passport copy and visa page/entry stamp page and Photograph for shareholder
  • Submit back license and Partner’s list

Note:

  • New Addendum to Memorandum and Articles will be prepared and send by email for signature within 2 working days.
  • Amendment application
  • Letter mentioning that the shareholder address has been changed from “previous address to new address”; signed and stamped by the shareholder(s).
  • New utility bill of the shareholder.

Note:

  • New Addendum to Memorandum and Articles will be prepared and send by email for signature within 2 working days.
  • Amendment application
  • Letter mentioning that the shareholder nationality has been changed from
  • “previous nationality to new nationality” with the new passport number and other details; same have to be signed by the shareholder(s) and stamped.
  • Submit back all originals of company (share certificate)
  • Color passport copy and visa page/entry stamp page and Photograph for shareholder
  • Submit back license and Partner’s list

Note:

  • New Addendum to Memorandum and Articles will be prepared and send by email for signature within 2 working days.

Please note that for financial year change, MOA and AOA cannot be changed. However, we will provide Addendum to the existing MOA and AOA.

  • Amendment application
  • Letter (on the company letterhead) mentioning that the shareholders would like to change the financial year; signed and stamped by the shareholder(s).

Note:

  • New Addendum to Memorandum and Articles will be prepared and send by email for signature within 2 working days.
Types of Amendment

Timely license renewal is important for smooth operations of companies registered with UAQ FTZ. UAQ FTZ licenses are issued for one year and to continue the business trade, the licenses should be renewed periodically.

Business cannot be carried out with an expired license and the shareholder/s or Manager of any company must renew the license every year. To avoid fines, renewal must take place before the license expires.

We notify our clients when their license validity expires so that they can promptly renew them.

Types of Amendment

UAQ FTZ issues NOC or other relevant paperwork to ease their operations of companies registered with the Free Zone. This covers needs like endorsing the shareholder/s details or the license/company details or helping partners or employees to issue NOC to sponsor their families or to apply for a new driving license in the UAE.

Type of Services

  • Amendment form
  • Board Resolution
  • New Service Lease Agreement
  • Color passport copy, visa page and photograph of shareholder.
  • Amendment form
  • Board Resolution
  • New Service Lease Agreement
  • Color passport copy, visa page and photograph of shareholder.
  • Amendment form
  • Board Resolution
  • New Service Lease Agreement
  • Color passport copy, visa page and photograph of shareholder.
  • Amendment form
  • Board Resolution
  • New Service Lease Agreement
  • Color passport copy, visa page and photograph of shareholder.
  • Amendment form
  • Board Resolution
  • New Service Lease Agreement
  • Color passport copy, visa page and photograph of shareholder.
  • Amendment form
  • Board Resolution
  • New Service Lease Agreement
  • Color passport copy, visa page and photograph of shareholder.
  • Amendment form
  • Board Resolution
  • New Service Lease Agreement
  • Color passport copy, visa page and photograph of shareholder.
  • Amendment form
  • Board Resolution
  • New Service Lease Agreement
  • Color passport copy, visa page and photograph of shareholder.
  • Amendment form
  • Board Resolution
  • New Service Lease Agreement
  • Color passport copy, visa page and photograph of shareholder.
  • Amendment form
  • Board Resolution
  • New Service Lease Agreement
  • Color passport copy, visa page and photograph of shareholder.
  • Amendment form
  • Board Resolution
  • New Service Lease Agreement
  • Color passport copy, visa page and photograph of shareholder.
  • Amendment form
  • Board Resolution
  • New Service Lease Agreement
  • Color passport copy, visa page and photograph of shareholder.
  • Amendment form
  • Board Resolution
  • New Service Lease Agreement
  • Color passport copy, visa page and photograph of shareholder.

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