How much Fine Approximately if license not renewed almost for a year?

Top QuestionsCategory: General QuestionHow much Fine Approximately if license not renewed almost for a year?
Hasan Shah asked 6 months ago
Sharing is Caring
  •  
  •  
  •  
  •  
  •  
  •  

One of my friend having Sharjah ( Trading License he was doing business since 2001.Last Year his License Expired in (April) & he went out of the country without cancellation & d0ing all legal formalities.
On License total Three Partners profit sharing ratio was 51%25%24%0% ,One Of the Partners is my colleague Mother Having Zero % Share in license she is still in UAE & her visa valid till (August-17) my colleague is having deep concern about her mother there will be any fine under her name & what is the best possible for her to get out of this situation .Can she stay in UAE till the validity of Visa & How she can cancel her visa legally & go safely to her home country as all partners already out of country.
Is she will be liable to pay License fine having Zero % in share & License already expired in April.If yes How much Fine Approximately if license not renewed almost for a year?
Waiting for your response

6 Answers
Sajid Azim answered 6 months ago

Go tahseel and give your visa paga or passport copy they will let you know about fine.may b some typing center can do this.sorry for my English I hope you get my point.




Kevin answered 6 months ago

The information you have is incorrect, share of 0% is impossible in license. Try to find the Emirati sponsor as he/she holds 51% in the company. There is an MOA signed by all partners giving them rights in such scenarios, so they can agree mutually and resolve the issues. Incase of no progress, the local sponsor can cancel the visas too, but you won’t get any dues or payments as he/she isn’t liable

Malik answered 6 months ago

There is 0% share . Its possible

Kevin answered 6 months ago

That’s termed as silent partner but cannot be proved or mentioned in any document

Alwayn F answered 6 months ago

Trade license IN UAE is valid for one plus 30 days grace period, After expiry   If not renewed within the grace period, Dh200 fine per month will be charged.
In your situation with you won’t be renewing the license, the best and first step, Visit Tahseel with a copy of your license and explain your mother’s situation as well.  Good Luck.

Mahdi Rajani answered 3 months ago

One of my friend having Sharjah ( Trading License he was doing business since 2015.Last Year his License Expired in (ApriL) his employer’s visa will expired October 2017. Also his employer wants to travel? Can he travel on this situation? 

Your Answer

7 + 15 =