Change of legal entity - specific criteria for 25% application fee
This is the specific criteria for 25% application fee.
The following scenarios are applicable only when the conditions applicable to all Change of Legal Entity have been met.
Existing Entity | New entity | Specific criteria that must be met | Fee | |
---|---|---|---|---|
1 | Sole proprietor | Limited Company / Plc | The same individual is the sole director and shareholder, and the fee category is the same or lower than for the existing entity | 25% |
2 | Sole proprietor | Partnership | Partnership is two persons only. One of the partners is the previous sole proprietor, the other is already to known to the Commission and either holds a personal licence or is an approved Annex A. The fee category is the same or lower than for the existing entity. | 25% |
3 | Sole proprietor | Limited Liability Partnership | LLP is two persons only. One of the members of the LLP is the previous sole proprietor, the other is already to known to the Commission and either holds a personal licence or is an approved Annex A. The fee category is the same or lower than for the existing entity. | 25% |
4 | Partnership of two persons | Sole proprietor | Sole proprietor was a partner in previous entity and the partnership was terminated for business reasons rather than death or retirement. The fee category is the same or lower than for the existing entity. | 25% |
5 | Limited Liability Partnership of two persons | Sole proprietor | Sole proprietor was a partner in previous entity and the partnership was terminated for business reasons rather than death or retirement. The fee category is the same or lower than for the existing entity. | 25% |
6 | Partnership | Limited Company / Plc | The partners are the only direct or s/shareholders. No other persons involved as director or shareholder. The fee category is the same or lower than for the existing entity. | 25% |
7 | Limited Liability Partnership | Limited Company / Plc | The members of the LLP are the only directors/ shareholders. No other persons involved as director or shareholder. The fee category is the same or lower than for the existing entity. | 25% |
8 | Partnership | Limited Liability Partnership | The previous partners are the only member s of the LLP. No other persons involved as members. The fee category is the same or lower than for the existing entity. | 25% |
9 | Limited company/pie | Sole proprietor | The individual was the only director and shareholder of the Limited Company. The fee category is the same or lower than for the existing entity. | 25% |
10 | Limited Company / Plc | Limited Liability Partnership | All the members of the LLP were shareholders or directors of the company. The fee category is the same or lower than for the existing entity. | 25% |
11 | Limited Company / Plc | Partnership | All the partners were shareholders or directors of the company. The fee category is the same or lower than for the existing entity. | 25% |
12 | Limited Liability Partnership | Partnership | All the partners were members of the LLP. The fee category is the same or lower than for the existing entity. | 25% |
Last updated: 18 September 2024
Show updates to this content
Formatting issues corrected only.