1. A company may, by a special resolution of the General Assembly or with the approval of the absolute majority of the partners, transfer its registration in the Trade Register from one Competent Authority to another, while retaining its legal personality in accordance with the provisions of this Decree by Law, provided that the following are observed: a. The commercial registration systems in both the Competent Authority from which the company's registration is transferred and the Competent Authority to which the registration is transferred permit such transfer. b. There is no annotation recorded against the Company in the Trade Register that would prevent the transfer of registration. c. The approval of the Competent Authorities from which the registration is transferred and to which it is transferred. d. The approval of the Ministry or the Authority, as the case may be, with respect to joint stock companies. e. The publication of the decision to transfer the company's registration in the Trade Register by any means determined by the Competent Authority. 2. A company may transfer its registration from a free zone to the Competent Authority, or vice versa, and the provisions contained in Clause (1) of this Article shall be followed in this regard. Companies whose registration is transferred from a free zone to the Competent Authority shall comply with the controls prescribed by the Competent Authority, the Ministry, or the Authority, as the case may be, and shall regularize their status in accordance with the provisions of this Decree by Law and the resolutions and regulations issued in implementation thereof. 3. The Cabinet shall, upon the proposal of the Minister in coordination with the Competent Authority and the financial free zones authorities, issue the controls governing the relocation of the Company from a financial free zone into the State and vice versa.
Interpretation and application must be checked against the official text and current version.