Questions & Answers
Questions & Answers
7 available 7 • View allHow to cancel a trade license

1
Q: My trade license expired and I couldn't renew it for the last two years because of a loss in my business.
Can I cancel my license? What is the procedure for that?
Please guide!


Dec 14, 2020
776
Cancellation of sponsor and dependent visa when there is a case
7
Q: Hi.
My wife has a travel ban due to the non-payment of a loan. She is sponsored by me and her visa is valid until the end of January 2019.
My visa is expiring in December 2018 and I need to cancel my visa so that I can cancel my trade license, but in order to do that, I need to cancel my wife's visa.
Since she has a case against her, that probably will not be possible. What is the solution for this predicament?
My wife is not in the country at the moment. Can my visa renewal be affected due to this?
Thanks

Dec 4, 2018
4104
Removing a partner from a company in a Freezone and cancellation of his visa
4
Q: I have a company in Ajman Freezone. We are 2 investors (myself and a business partner).
I wish to remove myself as an investor and cancel my visa. The trade license expired recently and there is a small outstanding amount to be cleared as well.
How can I proceed with the cancellation of my visa?

Mar 22, 2021
1469
How to remove shareholder's name from a professional license?
1
Q: How can I remove my shareholder name from a professional license in Dubai economy?
And how can I cancel my partner visa from this license?
Kindly help me!

Sep 5, 2021
521
The possibility to remove a shareholder by an ultimate beneficial owner (UBO)
1
Q: Hi,
I have a 6-month-old RAK FZ-LLC company with 2 shareholders. I hold 60% and also I am the UBO (ultimate beneficial owner) of the company with all rights to remove shareholders.
I would like to know if I can remove the shareholder holding 40% shares.
Please advise.
Thanks!

Sep 16, 2021
414
How to cancel a trade license when the agent asks for money?

1
Q: Hi there,
I made a trade license in Ajman. It was issued on 12 February 2020 and then the next month lockdown happened. I couldn't do any business and I lost all my savings for paying rent and expenses.
I couldn’t renew my license. So I am doing a job now again but my visa is still under that license I want to cancel the license now. The Agent is asking me to sponsor money for 2 Years. I didn't even use the license for a month.
Please suggest or guide me with the situation.
Thanks & Regards,


Nov 27, 2022
196
How to cancel a license if the local partner is not responding?
2
Q: Hi,
How can I cancel the license if the local partner is not responding?

Jan 8, 2023
202
Legal blog
3 available 3 • View allAn Overview of the Legal Framework for Entrepreneurs in the UAE 4
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.
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The Legal Alternatives of Bankruptcy in the UAE Legislation 1
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The Fee Waivers of Dubai Government on Some Sectors 1
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Feb 19, 2020
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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
29525

Other answers by
71 71 answers •
View allThe consequences of staying in the UAE after the end of the grace period 0
I am in my grace period after my residence visa cancellation. Is overstaying after the grace period illegal?
If I stay paying fine till my new visa gets finalized, how will it affect me? Will I face any ban?
Please advise!
Thanks!
Dec 26, 2022
1484
Can the tenant avoid paying early exit penalty for rent after losing job? 0
We have an existing tenancy contract in Sharjah, but due to unfortunate circumstances of this pandemic, my wife and I lost our jobs.
We already paid until December. Is there a current law where we can avoid paying the penalty of 2 months if we will end the contract earlier?
Oct 21, 2020
358
Travelling to GCC countries while have an unpaid loan in the UAE 0
Hello
Can I have your Whatsapp number? I have an urgent question, please.
Jan 13, 2020
728
Getting a new employment visa while a cheque bounce case is being processed 0
Hi All,
I have an existing criminal "cheque bounce" case under my name for dishonoring loan payments. I'm also a victim of unpaid salaries and gratuity from the previous employer.
However, I have reached a stalemate in negotiating with the bank as they are not interested in accepting the money I could offer in the interim despite having a clear understanding of my predicament.
Finally, I have an offer from a company after all these months and I'm anticipating to accept this offer but I'm yet to resolve the criminal case!
Since the bank is not willing to negotiate, I've planned to pay the criminal case removal fee or fine to the Dubai Police. I know that the bank would immediately proceed with a civil case should that happen.
My question is how long does it take to file a civil case? And can they initiate a travel ban without appeal while filing the civil case in court?
Will it affect my capacity to get a new employment visa stamped and work in the UAE while the civil case is active?
Jan 6, 2020
2004
Obtaining a part-time job while being employed on a full-time basis 0
I currently work in Dubai but I need an extra income from a part-time job.
Can I obtain the part-time job and still do my current job properly?
Is there an approval I need to get?
Jan 2, 2020
938
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