We’re improving Litrix, so you may encounter some issues on the website. We’ll fix any errors ASAP. Thanks for your patience!
We’re improving Litrix, so you may encounter some issues on the website. We’ll fix any errors ASAP. Thanks for your patience!
To renew a trade licence, the following documents are required:
For a new visa application, the following documentation is needed:
For a visa renewal application, the following documents are required:
The licence renewal process typically takes 2-7 working days to complete.
Currently, transferring a company to a different free zone is not possible. However, you can establish a branch of your existing company in a different free zone.
To open a UAE bank account, you will need to provide the following documents:
Opening a UAE bank account is free if done independently. However, each bank may have its own requirements for maintaining a minimum monthly balance. We also offer assistance with bank account setup. Contact us for more information.
Once your trade licence is issued, you will receive an email. You can then schedule a meeting with our Client Service Specialist to collect your documents at your convenience.
Your relationship manager will notify you about the upcoming renewal 3 months before it is due. When ready, contact them, and they will take care of the renewal process for you.
Yes, but this can happen only if your company is not structured correctly. At Litrix, we provide comprehensive advice on company structuring and implement mechanisms to ensure that you always maintain control of your business.
If your local partner is a natural person, their 51% share of the business will be inherited by an heir. The heir can choose to either continue as a nominee shareholder or negotiate new terms. To safeguard against such events, Litrix Business Solutions DMCC offers a corporate nominee shareholder solution that protects you in case of a local partner’s passing.
Yes, in some cases this is now possible. For more information, please contact Litrix Business Solutions DMCC to determine if 100% foreign ownership is applicable to your business.
Litrix offers a market-leading 30-day notice period without penalties, allowing you to transfer shares to a new partner under our sponsorship. If your local partner is a natural person, it is your responsibility to negotiate the exit terms when changing partners.
