Company restructuring in the UAE may involve the change of company’s domicile - e.g. from UAE onshore to a Free Zone or vice versa, from one free zone to another-, company name, type of entity, merger and acquisition. Such changes have significant impact on the work permit/residence permit of the employees and their dependents. Depending on the size of the companies, if not planned well, this can put both the companies and the employees in the non-compliance position, which may lead to financial penalties, blacklisting of the companies, and deportation of the employees.
In order to guide our clients during this restructuring stages, Crowe UAE team is usually involved prior to, during, and post restructuring. With this approach, the non-compliance risks can be identified in the early stages so that necessary mitigative measures can be implemented in time.