Thinking of adding a business partner to your license?
Good move — but before you start, there are a few important things you need to know.
The process isn’t the same for everyone.
It depends whether you’re operating in a Free Zone or Mainland.
Let’s break it down step-by-step so you can avoid any bumps along the way.
Free Zone vs Mainland: Know Where You Stand
Free Zones:
Each Free Zone has its own specific rules, but generally, you’ll need:
- A Board Resolution stating the addition of the partner.
- The resolution must be printed on your official company letterhead, stamped, and signed.
Even if you own 100% of the company right now,
you’ll still need a stamped letter and your signature to confirm the change.
Mainland Companies:
The process is slightly different:
- Both the authorized signatory and the new partner must physically visit a TASHEEL center to update the license.
- You’ll also need to prepare a revised Memorandum of Association (MOA) to reflect the new ownership structure.
Quick Tip:
In the Tasheel center, a generic MOA will already be prepared for your company. You will just need to provide the Tasheel agent the details that you wish to have changed and this will be automatically populated into your MOA.
Deciding on Ownership and Shares
Adding a partner isn’t just about paperwork.
You also need to agree on:
- How many shares the new partner will own
- What percentage of the company that represents
Make sure both parties are clear on the split before you submit any documents.
Pro tip: This is a good time to review your shareholder agreement if you have one — or draft one if you don’t.
Final Steps
Once everything is signed, sealed, and submitted:
- You’ll be issued a new Trade License showing the updated partners.
- You’ll also receive a revised MOA that officially records the changes.
And that’s it.
Partner added. Business upgraded.
Want to Add a Partner Without a Hitch?
Adding a partner is exciting — but if the paperwork isn’t perfect, it can delay your business growth.
Book a free consultation today and I’ll walk you through the process step-by-step so you can focus on growing the business together.
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