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Issuing NOC To Add Or Remove Shareholder/Partner On A Trade License Of A Franchise Company (Luxury)

This service enables you to add or remove a partner from an existing trade license of transporting passengers in luxury vehicles activity. The No-Objection Certificate is a mandatory document for the amendment of a trade license required by licensing authorities in Dubai such as the Economic Development Department/Free Zones. The certificate stipulates that RTA does not object the issuance of the license to practice the activity in accordance with the laws and legislations pertaining to it.

Eligibility

Licensed company by the Roads and Transport Authority (RTA) to transport passengers by luxury vehicles and having a valid operating contract.

Required documents

  1. Details of license owners and percentage of partnership for each partner
  2. NOC from the sponsor for foreign partners.

Output

  • NOC to amend the trade license of the company
  • A letter for the public notary with the details of the partners and their shares
  • Receipt of the transaction and payment data.

Service fees

  • 10,000 AED (for each application) for an NOC to add a partner
  • +20 AED Knowledge and Innovation fees.

Validity

  • 90 days.

Average processing time

Website: Instantly.

Ways to apply

Process

Through website:

  • The customer logs in to RTA website (licensing services/express services) and chooses NOC to amend a trade license
  • The customer agrees on the terms and conditions after reading them
  • The customer applies to the service
  • The application is subject to primarily approval from the relevant organizational units (Finance Department, Procurement Department and Franchise Services Department)
  • The customer receives a notification from RTA to proceed with the transaction through the electronic gate
  • The customer enters the receipt and verification details and the proof of settling the fees
  • The customer prints the certificate and proceeds to the Department of Economic Development/Free Zones to continue the transaction
  • The customer submits an application to update the trade license information through the website (Licensing services/express services).

Terms and conditions

  • The customer must obtain a security approval on the partners/owner of the license to proceed with the transaction. The transaction cannot be completed without this approval even if other requirements are fulfilled
  • The customer must specify the details of a new main partner when requesting the removal of the original main partner and must amend the shares if the new partner is a contributor or a member of this license
  • The customer must specify the shares when adding a partner to the trade license; for non-partners, the customer is not asked to specify the number of shares
  • The new partner must sign a pledge stipulating his full awareness of all financial and contractual engagements of the company as well as of the activity requirements up till the date of the amend request
  • The customer must notify the new partner of all obligations incurred by the company and the number of vehicles to be completed to meet the contracted number
  • If the signatory of the contract or deferred checks quit the company, this latter must refer to the Finance Department and the Contract and Procurement Department to complete the financial and contractual procedures
  • The company must have fulfilled all its financial and contractual commitments to RTA
  • The company must clear any impediments in its traffic file (delay in replacement fines, quality and traffic violations, unpayable fines)
  • If the application was rejected by any of the organizational units, the customer must comply with the requirements and reapply for this service
  • The customer must not have another uncompleted application with the same data being under process

FAQs

  • Question 1: What does primarily approval from the relevant organizational units means?

Answer 1: RTA departments related to transport passengers by luxury vehicles activity, examine the electronic application to check the company's compliance with its financial and contractual obligations.

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