Service Directory
Capital reduction (commercial company)
This service allows companies to submit a request to reduce their registered capital, whether for financial restructuring, covering losses, or redistributing capital among partners or shareholders.
Required Attachments
- A notarized power of attorney if the applicant is an unrelated party, or an unnotarized power of attorney if the applicant is a professional office or an authorized employee registered on the same record
- A decision from the company owner / meeting minutes of partners / a decision from shareholders
- A letter from the auditor
- The company’s latest audited financial report
- Draft amendment of the memorandum of association / articles of association / declaration of incorporation related to the amendment of the company’s capital clause only
Legal Regulations
- The Commercial Register Law and the Commercial Companies Law promulgated by Decree-Law No. (12) of 2001 and its amendments with the executive regulations
Process Time
- 3 Working Days
Service Provider
Ministry of Industry and Commerce
Service Processes
- submit the application through the SIJILAT system
- Review the application by Ministry of Industry and Commerce
- The announcement of the capital reduction for joint stock companies is published in the Official Gazette and a local newspaper
- Memorandum of association is notarized by a notary
- Complete the amendment process
