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Business Without Borders is fully committed when it comes to renewing of Business Licenses. We will make sure that the Documents required is fully prepared and renew the license before its expiry date to avoid any penalties / fines that maybe imposed. Whether it is an LLC Company, Free Zone, Offshore or BVI Company, we can renew it anytime.
Shares can be transferred from a shareholder to another person (either a new or existing shareholder). Shares are transferred by way of gift or sale. Typically, shares are transferred to introduce a new shareholder. So long as a company has enough shares, it is possible to transfer shares in a company any time after incorporation.
Corporate Documents of the Company specially the License must be amended following the share transfer to update the documents and put the new shareholder Name in the License
No matter of what type of business you own in the UAE, you must cancel your business licence and all related permits associated with it when you have made your decision to close it down. This page provides a summary of the formalities for closing your business and cancelling its licence properly.
It is important for relevant government entities to know that you are no longer in the business so you will avoid any accumulated fines and penalties incurred upon your licence, when it is not renewed upon expiry date.
If you are in a shareholding company, it is important to discharge your liabilities towards creditors and partners and protect your interests and shares.
It is also wise to put your goodwill and business reputation in perspective, if you decide to open a business again.
Business Without Borders can assist buyers and sellers of privately held business in the buying and selling process. We typically estimate the value of the business, advertise it for sale with or without disclosing its identity, handle the initial potential buyer interviews, discussions, and negotiations with prospective buyers, facilitate the progress and generally assist with the business sale.