Q: For LLC formation in the UAE, will side agreements made with the local individual partner be valid in the court of law?

Q: Hello, My name is P. I'm about to open up a company here in the UAE. However, we under the sponsorship of an Emirati. We agreed that he would give the power of attorney under the court to manage everything including bank account, bank cheques. I need advise on how best we can come with an internal agreement.

Q: How to establish an LLC company in the Emirate of Dubai?

Q: I intend to participate in a boat charter company in which I will be the de facto 100% owner and supplying a boat for its operation. I understand that in order to be able to register the boat in the UAE and obtain the trade license, there has to be an LLC. However, to establish an LLC, a local person has to act as a 51% shareholder. Question: Can an MOA and AOA LEGALLY and in FULL CONFORMITY OF THE UAE LAW: a) define a GPA to me only to sell and deal with the assets (the boat) and receive the proceeds from a sale? b) restrict THE DIRECTORS and/or a Quorum of less than 75% of the Shareholder to sell assets (the boat) and borrow/commit the company to any financial obligations? Goal: the 51% local shareholder and the directors should not be able to dispose of the assets without my consent, and not to borrow or lend funds against the asset (the boat). What will be your cost setting up an LLC and drawing the appropriate documents incorporating the above? Please advise!

Q: Hi, Would a nominee shareholder agreement be considered as a violation of the Commercial Companies Law in the UAE and be punishable?

Q: Hi, I want to become a partner in a company. The issue is I do not want my name or my wife's name to be in the trade license as the company where I am working does not permit the same (even for my spouse). What is the workaround as I need a hold on the new company where I will invest? The other partners are fine with any legal way of doing it. Please help!

Sometimes this seems very simple to incorporate a company in the UAE, however, investors must seek professional advice before taking this important business decision to avoid any future legal implications.

Over the years the UAE has become a centre of trade and commerce for the Middle East, thanks to its strategic location, excellent connectivity and extensive services to assist with all aspects of business. According to the World Bank's 2016 report, the UAE has ranked 31st in the global index of ease of doing business. This encourages more entrepreneurs to set up different kinds of business entities in the country.

The provisions of this Law apply to the commercial companies established in the UAE and the foreign companies that have established in the UAE a base to conduct any activity therein or established a branch or representative office. The Law abrogates Federal Law No. (8) of 1984 Concerning Commercial Companies.