Intricacies of Designated Zone in UAE and it's VAT and Customs Obligations. Buy Now!!

Murtaza

Dear sir,

firm status changed from Soleestablishment (local 100% owner) to LLC (Local 51% owner) and 2 indians added as a partners rest is all same, what is procedure for FTA  to change the status in their system. 

1) do i need to file just amendments or

2) deregister old firm and register  new LLC firm??

please advise.

thanks

Replies
SAJITH NAIR20/10/2021 10:52:54

You will have to de-register the Sole Establishment (provided the natural person does not have any other taxable supplies) and register the LLC entity separately since it is a new legal entity.

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Murtaza20/10/2021 13:23:01

thank you sajith ..

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