Learn about business license amendments in the UAE
It is difficult to predict when you will need to change your company name in the UAE. This need may never occur for some companies. On the other hand, some companies may need to change the business name in Dubai after operating a business for a certain period, due to various reasons.
Change in Services or Products
A company name may include the name of the products or services offered by the company. In this scenario, if you want to sell different types of products or want to offer different types of services, then it may be necessary to change your business name.
Restrict a company name
Your company name may be too long for customers or clients to remember. In this scenario, you can change the business name in Dubai to something that is understandable and memorable as well as being unique and relevant to business operations.
General Name
It may be necessary to change the name of a company that does not solely represent a brand. These days, it is crucial for any business to create a unique identity on online platforms and you may need to change a company’s business name to create a unique identity.
There are several other scenarios where you may need to change the name of a company in the UAE. For example, you may want to change a company name if it is a name that is not copyrighted. You may even want to change a company name due to rebranding or complicated spelling. Regardless of the reason, you must submit several documents to change the name of the business license. The name of a company is mentioned in corporate documents. Therefore, you may need to submit the following documents if you want to modify the business license in the UAE:
Many professionals who handle business dealings will need to submit these documents to a registrar, as these documents may need to be amended. A registration authority may even request additional documents during the process. You may even be asked to provide a shareholder resolution that includes a newly approved company name. It is necessary to provide a notarized and certified “Board Resolution” from a parent company for business license name change in Dubai if it is a subsidiary company.
It may be necessary to submit a ‘justification letter’ detailing the reason for a company name change. It is prudent to consult with a business adviser or registrar before starting the procedures related to business license name change in the UAE, as you may need to submit some specific documents.
The company must submit an additional document if the business is regulated by any special authority or ministry. In this scenario, business owners or their representatives must submit a NOC from the relevant government departments or public authorities. The fee for a business license modification depends on the discretion of a registration authority. The registration process can be completed in a few days or a few weeks, depending on the unique needs of the licensing process.
It is essential to place an advertisement in a local or national newspaper regarding the business license name change in Dubai once the company has submitted all the documents. This ad is supposed to inform readers about a company name change. The company can even request assistance from the Registration Authority regarding the advertisement.
The experts will help you take advantage of the original documents before the announcement in the newspaper. 14 days after the announcement, the Registration Authority will update the corporate registry and issue the modified license together with the articles of association, articles of incorporation and essential corporate documents.
In some scenarios, the Registration Authority may issue a certificate that will include the altered name of a company. You can collect the originals of the changed corporate documents after completing the whole process and can start operating a business under the new name.
A company’s operating name is used for advertising, sales, and day-to-day activities. If the legal name of your company is different from the operating name, then it may be necessary to amend both the legal and operating names if you plan to change the business name in Dubai.
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