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Increase/Decrease in Share Capital
Each Company, with share capital, has authorised and issued shares which can determine ownership, transfer ownership from one party to another and be amended based on changes to the Company circumstances.
Process Steps
- Customers can log in to Dubai Trade Portal
- Navigate to “Registration” and select “Registration Amendment – Approval.”
- Select ‘Increase/Decrease Share Capital’ to submit the required documentation to increase or decrease the Company’s Share Capital.
Documents Required
- Resolution regarding Increase/decrease in Share Capital
- The form for corporate action of increase/decrease of share capital (Available in Jafza.ae – Customers- Forms & E-services – Commercial)
- Original Share Certificate(s) (in case of a decrease in Share Capital and share capital has been deposited).
- Confirmation letter from the Bank or Auditor confirming the increase of share Capital. (Applicable in case of increase in Share Capital and share capital has been deposited)
- Amended Memorandum of Association (MOA) signed by the shareholders.
Legal document in case of new Shareholders:
A. Individual Applicant
- Founder’s Details (CV).
- Applicant’s Specimen Signature
- Passport (PP) copy
B. Non-Individual Applicant
- Certificate of Registration/Formation notarised and attested by the UAE Embassy
- Certificate of Good Standing notarised and attested by the UAE Embassy
- Memorandum and Articles of Association notarised and attested by the UAE Embassy
- Board Resolution calling for investment in existing Company must be notarised and attested by the UAE Embassy
- Power of Attorney (POA) notarised and attested by the UAE Embassy
- Passport copy of Power of Attorney (POA) holder and his Specimen Signature
Fees
| AED 2,000 – FZCO per share and a maximum of AED 50,000 |
| AED 20,000 – FZE per share and a maximum of AED 50,000 |
| AED 200 – for each new Share Certificate (in case share capital is deposited) |
| AED 50 – specimen signature attested by Jafza |
| AED 200 – for each MOA amendment |
Notes
The Registrar reserves the right to call for any extra documents if necessary.
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