Mergers and Acquisitions (M&A) entail the amalgamation of corporate assets via diverse financial transactions.
Company merger in the UAE involves a meticulous legal process regulated by the Ministry of Economy (MOE).
This article will guide you through the right company merger process in UAE, outlining each step.
Office of Al Mulla. Whatsapp: Click here. Phone: 00971501961291.
Company merger process in UAE.
- Login to MOE Website:
Initiate the process by logging into the MOE website, your gateway to a well-defined and transparent company merger procedure. - Choose the Service:
Select the appropriate service from the comprehensive list provided by the MOE, tailoring the process to your specific merger requirements. - Fill in the Application Data:
Navigate through the application form, providing accurate information essential for the merger approval process. - Attach Documents:
Ensure a smooth application by attaching all necessary documents, a critical step for verifying the legitimacy and eligibility of the merger. - Verify Accuracy:
Double-check the accuracy of inserted data and attached documents to eliminate any potential discrepancies. - Company Announcement:
Following verification, furnish the company with an approved announcement form for publication in a local Arabic-language newspaper, a mandatory step in the transparency of the merger process. - Submit Bank Guarantee:
Secure the merger process by submitting a bank guarantee of AED 50,000 for each branch, a financial commitment reinforcing your dedication to the merger. - Application Acceptance:
Two weeks after the publication, accept the application, ensuring payment of prescribed fees and updating the company’s register with the branch registration number of the previous company. - New Registration Certificate:
Upon acceptance, re-issue a new registration certificate. In cases of expiry, pay a renewal fee of AED 7,500 per expired branch and annotate the sale process accordingly. - Bank Guarantee Release:
If a new bank guarantee is provided, release the amended bank guarantee through a formal letter to the issuing bank, subsequently handing it over to the company’s representative with the original cancelled bank guarantee. - Application Rejection:
In the event of rejection, communicate the reasons electronically through the MOE system.
FAQs about company merger process in UAE.
Conclusion.
Navigating the company merger process in the UAE demands adherence to a meticulously structured legal framework.
Each step, from initial login to the MOE website to the issuance of a new registration certificate, contributes to a successful merger.
For unparalleled legal guidance and expertise, Al Mulla Lawyer & Legal Consultant stands out as the go-to professional for company merger legal services in the UAE.
Trust the process, and let the legal journey pave the way for a prosperous combined entity in the dynamic business landscape of the UAE.
Contact the office of Al Mulla via Whatsapp. Click here. You can also call us on phone: 00971501961291.
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