With the introduction of the Federal Decree-Law allowing 100% foreign ownership of onshore companies in the UAE, many businesses are now converting their Civil Business, Foreign Branch, or Sole Establishment into a 100% foreign-owned LLC. This process allows businesses to take full advantage of the new law while maintaining the same Trade License and continuing operations seamlessly.

At Smartlink Consultants, we assist businesses in navigating the entire conversion process smoothly, ensuring compliance with UAE regulations.

Step-by-Step Process to Convert Your Business to a 100% Foreign-Owned LLC

1. Apply for a New Company Name
   The first step is to apply for a new LLC company name. You may choose to retain your previous business name, but it must reflect the new LLC entity type. This is critical to comply with UAE company naming regulations.
2. Update Company Documents
   Once the name is approved, you’ll need to update your company’s legal documents, including:
   • Memorandum of Association (MOA)
   • Trade License
   • Immigration Card
   • E-Signature Card
   • Labour Cards
3. Share Transfer and License Update
   For a One Person Company, a sole agreement will be submitted. In the case of a Limited Liability Company (LLC), the MOA or Partnership Agreement will be signed and legally certified to formalize the new ownership structure.
4. Retain Trade License Number
   One of the benefits of this conversion is that your Trade License number will remain unchanged, allowing you to continue using your existing bank account and government files. Only the name and company structure will be updated to reflect your new 100% foreign-owned LLC status.

Benefits of Converting to a 100% Foreign-Owned LLC

With the Federal Decree-Law amendment, foreign investors can now fully own onshore companies across most business sectors in the UAE. By converting your Civil Business, Foreign Branch, or Sole Establishment into an LLC, you unlock several advantages:

• Full business ownership with no need for a local sponsor.
• Eligibility for high-value contracts in sectors such as oil & gas, construction, and trading.
• Enhanced legal protection through the Limited Liability structure.
• Seamless continuation of your operations with no disruption to existing licenses or banking arrangements.

Why Choose Smartlink Consultants?

At Smartlink Consultants, we specialize in helping businesses make the switch to 100% foreign-owned LLCs with minimal hassle. Our team handles every aspect of the conversion process, from legal document updates to securing approvals from relevant authorities. Let us assist you in transforming your business and taking full control of your company in the UAE.