Current Business Partners License Renewal
All companies operating in Dubai Technology and Media Free Zone must hold a valid License at all times. To avoid any inconvenience that you may incur from the interruption of services because of an expired license or non-payment, DTMFZA will send reminders via e-mail regarding license renewal and the documents required.
Please ensure that the necessary documents and license fees are submitted in a timely manner to the Registration and Licensing Business Hub Staff.
License Amendments
Licenses issued by Dubai Technology & Media Free Zone Authority may be amended in accordance with applicable legal procedures. If the licensee wishes to amend any particulars on the license a request to DTMFZAs Registration & Licensing Business Counter needs to be submitted. Fees apply. Amendments to the license will be applied once the required documents
have been submitted.
Change of Director
Once the client is registered and license with the Authority, the Company may apply for changes in the Company Register including Change of Directors. The approved changes by the Registration nd Licensing Department are recorded in the Company Register.
Business Partners may benefit from this service in the event of :
Share Transfer
Free Zone Limited Liability Companies issue “Shares” to its Shareholders after Incorporation of the company. Shareholders after Incorporation of the company are usually referred as "Subscribers" and under the Memorandum and Articles of Association of a FZ-LLC (effectively the constitution of the FZ-LLC) these subscribers agree to take certain number of Shares. Once allocated these shares is known as "issued" Shares. To be a Shareholder of a FZ-LLC it is not mandatory to be a resident of the UAE.
Conversion from Branch of a Foreign Company to a FZ-LLC
While operating as a Branch of a Company, any Business Partner is allowed to convert their legal status from a Branch to a FZ-LLC. However, the new FZ-LLC will initially be owned by the same parent Company.
To convert from Branch of Company to a FZ-LLC, initial approval from Dubai Technology and Media Free Zone Authority is required, after which the client is required to submit the conversion documents according to the nature of the Shareholder. After receiving the required documents from the client, the Authority will issue the following to the client:
Merge (Amalgamation) of Companies
Two or more companies which are incorporated in the zone, may, subject to the consent of the Authority given in its absolute discretion and pursuant to the provisions of the Regulations, amalgamate and continue as one company.
License Cancellation and De-Registration
Commercial Licenses are issued to companies to be operational at all times in the Zone. As and when a Company becomes nonoperational, Dubai Technology and Media Free Zone Authority cancels the Trade License of the Company. In case of FZ-LLC, the company will undergo a process of “De-Registration“ as well after the cancellation of License. The process of De-Registration starts when a letter from the Company has been received, signed by the Authorized Signatory, requesting the cancellation of the License.
Key Definitions & Interpretations
Notarization
Means a photocopy or other image of original corporate documents of the Company Attested by a Notary public in that jurisdiction that they are true and proper copies.
Legalization
Means the Foreign Ministry (or equivalent) of the country in which the Company is based stamping the documents to acknowledge the authenticity of the Notary Public’s own stamp.