License migration refers to the process of transferring a business license from one registry to another within the country. This typically occurs when a business owner wants to relocate their company to a different registry.
The process of license migration may vary depending on the specific requirements of the respective free zone or government authority. Generally, it involves applying, providing necessary documents, paying any applicable fees, and waiting for approval from the relevant authorities.
It is important for business owners to ensure that they comply with all the regulations and requirements set forth by the authorities to successfully migrate their license. Failure to do so could result in delays or rejection of the application.
License re-domiciliation refers to the process of transferring a company's legal registration from one jurisdiction to another. This process allows companies to maintain their existing business operations while benefiting from the favorable business environment and regulations.
The re-domiciliation process typically involves applying to the relevant authorities along with supporting documents, such as the company's financial statements, memorandum and articles of association, and a valid license from the current jurisdiction. Once approved, the company's legal registration is transferred to the UAE, allowing it to operate in accordance with local laws and regulations.
At Chrysalis, our expert professionals work with you at each stage, helping organize your application and gather necessary documentation and approvals making the entire process and ensure a smooth transition.
- Cost-effective
- Streamlined process
- Faster turnaround time
- Continuity of operations
- Flexibility
There are several advantages to re-domiciling a company: - Ease of Doing Business
- Access To Global Market
- Legal and Regulatory Framework
- Business Opportunities
- International Reputation
- Asset Protection
- Valid trade license
- Business activities
- Documents: (trade license, lease agreement, NOC from your current sponsor, passport copies, and any other relevant documents requested by the authorities.)
- Fees: (Application fees, processing fees, and any other charges required by the relevant authorities).
- Business location: (You may need to provide details of the new business location in the emirate you are migrating to, including the address and proof of ownership or lease agreement.)
It is important to note that the requirements and procedures for license migration in the UAE may vary, so it is recommended to consult with a business advisor or legal expert for guidance on the specific requirements for your business.
- Eligibility
- Legal Structure
- Business Activity
- Name Reservation
- Documentation ( AOA or MOA) of the existing company, Certificate of Incorporation, Board resolutions authorizing the re-domiciliation, Shareholder resolutions approving the re-domiciliation. Any other documents required by UAE authorities.
- Due Diligence
- Appointment Of Service Providers
- Fees and Costs
- Submission and Approval
- Compliance
- Notification
- Post-Domiciliation Compliance
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