Questions & Answers
Questions & Answers
3 available 3 • View allAssistance with changing the local sponsor 
0
Q: Hi,
I am the sole proprietor of my business running for 17 years, however, I decided to change my local sponsor.
I have cancelled her name in the court and done the necessary, however, before I could change to the new sponsor, I misplaced the documents given to me by the court.
What can be done now to change the sponsor, since I need to renew my trade license?

Sep 5, 2018
974
Changing the local sponsor of a sole establishment
3
Q: Hello Mrs Nikhat,
I have a Sole Establishment Licence for real estate brokerage company which is in name of a local sponsor. But I have the full POA with me.
I wanted to change my sponsor. My current visa is employment visa, General Manager, but I can add my name to the license also.
Can I change my local sponsor without the signature of my current local sponsor?
Kind regards

Feb 2, 2018
3654
The legal way of changing the local partner in an LLC

2
Q: I have signed 5 years ago a side agreement when forming a Dubai onshore LLC trading company, and I now realize that there is no termination clause.
One clause says that the contract is signed for 10 years and that it will be renewed after 10 years. As a result, the company who provided me with the local sponsor wants to charge me a hefty "penalty" for agreeing to change the sponsor.
Besides, they are holding all details (online access codes and password) to deal with the Ministry of Labor. So I have no liberty to change the sponsor unless I pay them a lot of money.
I am bound with them because only they can properly cancel my employees' visas if I wanted to recreate a new company.
Are such indefinite and abusive side agreements legal?
Do I have any recourse to enforce a change of sponsor without paying the "penalty" they are requesting?
Thanks


Dec 25, 2018
1743
Laws & Regulations
1 available 1 • View allFederal Law No. (2) of 2015 On Commercial Companies 15
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.
Mar 25, 2015
29594

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