Partner or Shareholder Exit Support
Build Your Business!
Navigate Business Transitions with Confidence: Comprehensive Exit Support Services at Your Fingertips.
Partner or Shareholder Exit Support
Streamline Partner and Shareholder Exits Across the UAE: Expert Guidance Every Step of the Way.
Service Overview
Facilitating Smooth Transitions for Partners and Shareholders in the UAE
Navigating the exit of a partner or shareholder from a company in the UAE involves intricate legal and administrative procedures. Our Partner or Shareholder Exit Support services provide comprehensive assistance to ensure a seamless transition, safeguarding the interests of all parties involved across all emirates.
Secure your future—consult with our experts today. Contact us Now.
What’s Included
Our Partner or Shareholder Exit Support services encompass:
Initial Consultation: Assessing the company’s structure and advising on the appropriate exit strategy.
Review of Governing Documents: Analyzing the Memorandum of Association (MOA) and any shareholders’ agreements to determine exit provisions.
Drafting of Exit Agreements: Preparing necessary legal documents, including share transfer agreements and board resolutions.
Regulatory Filings: Submitting required documents to relevant authorities, such as the Department of Economic Development (DED) or free zone authorities.
Clearance Certificates: Obtaining necessary clearances from relevant authorities, including:
Federal Tax Authority (FTA)
Ministry of Human Resources and Emiratisation (MOHRE)
General Directorate of Residency and Foreigners Affairs (GDRFA)
Visa Cancellation: Assisting in the cancellation of residency visas associated with the exiting partner or shareholder.
Final Confirmation: Securing official confirmation of the partner or shareholder’s exit from the company records.
Get comprehensive coverage—schedule your consultation now.
UAE Regulations/Compliance
Understanding Partner and Shareholder Exit Requirements in the UAE
Exiting a partnership or shareholding in the UAE is governed by various regulations, including Federal Law No. 2 of 2015 on Commercial Companies and the UAE Civil Code. Key considerations include:
- Share Transfer Restrictions: Partners wishing to transfer their shares must notify other partners, who have the right of first refusal within 30 days of notification.
- Court Intervention: In cases where partners cannot reach an agreement, the exiting partner may apply to the court for authorization to retire from the partnership, provided there are adequate reasons for the request.
- Valuation of Shares: The value of the exiting partner’s shares is determined based on the company’s assets at the date of filing the case in court.
- Visa and Labor Considerations: Exiting partners must cancel their residency visas and settle any labor-related obligations.
We ensure that all Lifestyle & Legal Support comply with UAE laws and provide peace of mind.
Required Documents
To initiate the partner or shareholder exit process, please provide:
Copy of the company's trade license
Memorandum of Association (MOA) and any amendments
Shareholders' agreements (if applicable)
Passports and Emirates IDs of all partners/shareholders
Notarized board resolution approving the exit
Share transfer agreement
Clearance letters from relevant authorities
Visa cancellation documents for the exiting partner/shareholder
Why Choosing us?
Why Businesses Trust Honaffa for Partner or Shareholder Exit Support?
Partner with us to navigate the complexities of life in the UAE, ensuring a smooth and compliant experience. Contact us Now.
Process (Step‑by‑Step)
How It Works?
Simple steps, full support — from start to finish and beyond,
Reach out through our website, WhatsApp, phone Call, or email us what documents you need processed.
24/7 Free Consultation
Our experts will guide you through the requirements, pricing, and timeline for your case.
We Handle Everything
We collect your documents, fill out all required forms, and submit them to the right authorities.
Approval & Verification
We follow up with UAE ministries and departments to get your approvals finalized.
Receive Your Docs
You receive your cleared, stamped, or attested documents via delivery or in person.
Streamlining Your Partner or Shareholder Exit Support in 7 Simple Steps
Our Streamlined Partner or Shareholder Exit Support Enrollment Process
Initial Consultation
Discuss your specific partner or shareholder exit needs.
Document Review
Analyze governing documents to determine exit provisions.
Agreement Drafting
Prepare necessary legal documents for the exit.
Regulatory Filings
Submit required documents to relevant authorities.
Clearance Acquisition
Obtain necessary clearances from relevant authorities.
Visa Cancellation
Assist in the cancellation of residency visas associated with the exiting partner or shareholder.
Final Confirmation
Secure official confirmation of the partner or shareholder’s exit from the company records.
Frequently Asked Questions
FAQ
Clear answers to the most common questions we receive.
Partner or Shareholder Exit Support
In certain cases, a partner or shareholder may apply to the court for authorization to retire from the partnership if adequate reasons are provided.
The value is assessed based on the company’s assets at the date of filing the case in court.
The residency visa must be canceled as part of the exit process, and necessary clearances obtained from the relevant authorities.
Yes, existing partners have the right of first refusal and must be notified of the intended transfer, with a 30-day period to respond.
In the absence of specific provisions, the UAE Civil Code and Commercial Companies Law will apply to govern the exit process.
This FAQ section is designed to provide clear and concise information to users seeking details about Partner or Shareholder Exit Support in the UAE. For further assistance or specific inquiries, don’t hesitate to get in touch with our compliance team, or leave a question, and we will answer shortly.
Ready to Take the Next Step?
Let’s Make It Happen
Your business deserves expert guidance and seamless solutions. Whether you need, we’ve got you covered.
Contact US and our experts will get back to you within 30 min.
Related Services
Expand your business support with these connected solutions.
Related Arctiles
Stay informed with the latest articles and industry news.
Free Consultation
Share Our Services
Share this industry knowledge and business solutions with your network.
English