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%

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Last updated: 29 July 2021

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