I've an L.L.C. in Dubai, is it possible to move it to the IFZA free zone ?

[thegabelkeith77]

Hello,

I've an L.L.C. in Dubai, is it possible to move it to the IFZA‌ free zone ?

Thank you.

 

[CaptK]

It would be easier to close that down and open a new FZ company. Do‌ you know your sponsor personally?

 

[thegabelkeith77]

I don't have a sponsor.‍ It's the instant license program where I'm the sole owner with no need for a⁠ local sponsor, I own 100% shares of the L.L.C.

 

[CaptK]

Ok, then it's easy to do, just go and register the same company in the‌ freezone. You can't transfer the licence to the FZ unfortunately.

 

[uplana]

Sorry for dump question, why would one move his company to the IFZA Zone ?‌

 

[thegabelkeith77]

@CaptK Thank you so much for your input. What about the old, current, license? Will⁠ it be automatically cancelled or what shall I do?

Hope this helps, Free Zone

 

[CaptK]

Yes you will have to cancel