Amendment Financial Year - Free Zone

AMENDMENT FINANCIAL YEAR - FREE ZONE

This service enables the company to change its financial year mentioned in the corporate document.

Service Delivery Channel

Customer Journey

  • Login to Portal 360

  • Click on company services & select corporate amendment - financial year services

  • Initiate your request & upload required documents & complete the payment

  • RAKEZ verifies your request & initiates the amendment process

  • RAKEZ initiates the legal documents preparation

  • Sign the documents shared to shareholder's emails

  • RAKEZ verifies signatures & issues updated company documents

  • Request completed

Outcome

  • Memorandum of Association/Amendment to Memorandum of Association

Service Fees

Service Type Price
Financial Year amendment AED 1,999
Note: 30% discount on second amendment

Service Timeline

Service Type Timeline
Financial Year amendment 3 to 5 working days

Required Documents

1

A resolution for the required amendment must be signed by all shareholders or their authorized representatives holding a valid power of attorney. If a shareholder is a corporate entity, a separate resolution from the corporate shareholder authorizing the amendment is also required.

Templates of resolution:
1. Shareholders resolution template
2. Corporate resolution template.

  • UAE-based parent companies: Notarized by UAE Notary Public/attested by the relevant jurisdiction (as applicable)

  • Non-UAE parent companies: Notarized and legalized up to the UAE Embassy level

Additional requirements for shareholders holding valid Authorised Representatives (POAs):

  • Power of Attorney (if represented by an attorney) with a valid passport copy or Emirates ID.

  • The POA must be notarized by a notary public in the UAE or notarized and legalized up to the level of the UAE embassy from the country where it was issued. For assistance in attestation, please contact RAKEZ Value Added Services at vas@rakez.com.

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