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جميع المدن, الإمارات العربية المتحدة

If legal issues arise and the trade license mentions the manager and the owner, who is responsible?

The trade license of a company mentions both the manager and owner.

Who is the authorized person, if any legal issues arise?

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اجتماع
16 Feb 2024, 10:38

Determining who is authorized in case of legal issues involving a UAE company with both manager and owner listed on the trade license depends on the company structure and specific situation.

In most cases, the manager who has the signing authority and power to make vital decisions on behalf of the company and on behalf of the owner will be more responsible.

However, the owner's liability can not be removed even if the manager is liable for the company's decision.

16 Feb 2024, 10:55

Sir we are located in Technopark (FZE Branch) and our license is issued by National Industries Park (NIP).

Now we have 100 % ownership in shares (Sole proprietorship). How can I add a new manager in this case.

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