أسئلة وأجوبة
Can I remove my local sponsor from my LLC against his will?
Dear Sir/Madam,
Can I remove my local sponsor from my LLC against his will?
In reality, I'm the owner of the company, and my local sponsor receives AED 15,000 per year to be my partner, as was required in the past.
Now, I want to remove him, but he disagrees and wishes to remain, continuing to charge me.
Dear Questioner,
As long as he is a partner in the license and in the articles of incorporation, he has the right to insist on remaining a partner because he benefits from this situation, but you can file a lawsuit declaring his partnership in the company.
We can do that on your behalf. We are a law firm that specializes in this type of case.
We are here to serve you.
Dear Questioner,
There are some possibilities; this is the recommended approach:
Try negotiating with your local sponsor and explain your desire to convert the LLC to a 100% foreign-owned company, which is now possible under certain conditions in specific UAE jurisdictions.
Offer a fair compensation package considering their previous role and any potential disruption caused. This could involve a one-time payment or a severance agreement.
Yes, you can, according to the legal procedures followed by the Department of Economic Development.
So please contact and visit us, to better assist you on this.
Hello,
We want to emphasize that we regularly assist clients dealing with similar matters, and we specialize in corporate law.
Removing the local sponsor is well within our expertise, and we can facilitate the process promptly.
If you're interested in understanding the steps and initiating the process today, please don't hesitate to contact us through WhatsApp.
