Questions & Answers
Questions & Answers
4 available 4 • View allRequirement of having a local partner
2
Q: If the local partner/sponsor is not willing to remove himself from the company (LLC) and other partners what to change to another sponsor.
What are the solutions could be?

Jul 24, 2017
763
LLC company incorporation in Dubai by Syrian nationals
0
Q: Hello,I am a Syrian citizen living in Dubai for more than 13 years with valid resident visa and I would like to open a new LLC company in Dubai along with a local UAE sponsor (49% my share, 51% for the local sponsor). The company will offer and sell IT services/products (commercial license).I have the following questions:1 - Is it true that Syrians are mostly denied by DED due to security restrictions? Do you know any of your Syrian clients who received a license from DED recently? Are there any measures that I could take to improve my chances?2 - In case I had to issue a license under the UAE sponsor so he becomes 100% owner of my company (do I have another choice?) what are the legal steps that I should take to protect my rights? Would a strong power of attorney be sufficient?Thanks.

Oct 30, 2016
1101
The requirement of Emirati partner in LLC with GCC nationals
0
Q: I'm a Pakistani national and my wife is a Bahraini citizen.
We have one company in the UAE and my wife is the owner of that company. We didn't take any sponsorship.
My question is if we will take any partner in our company, shall we need local Emirati sponsor or not?

Feb 7, 2019
622
Protecting the foreign investor's rights when incorporating a company in the UAE


0
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!



Apr 16, 2020
311
Legal blog
5 available 5 • View allLocal Partner Share contribution in the UAE: What You Need to Know 65
For entrepreneurs seeking to set up their business in the mainland jurisdiction of the UAE, this is a useful guide to know your rights and obligations.
Jan 26, 2020
17669
Legal Aspects of Company Incorporations in the UAE 5
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.
Nov 1, 2016
3634
Recent Amendments of the Laws in the UAE 4
An interview-format article covering the topic of the new amendments to the laws in the UAE. This is from the legal podcast of lawyer Ludmila Yamalova, the founder of Lawgical with LYLAW.
Feb 3, 2021
3050
Amendments to the UAE Company Law 2
An interview-format article covering the topic of the amendments to the company law in the UAE. This is from the legal podcast of lawyer Ludmila Yamalova, the founder of Lawgical with LYLAW.
May 24, 2021
734
The UAE Issues Rules for Full Foreign Ownership of Companies 0
In terms of existing companies which include Emirati partner and its activities have been availed for full ownership by Foreign investors Dubai Department of Economic Development stated that those companies will remain as is without change.
Jun 6, 2021
662
Laws & Regulations
2 available 2 • 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
29524
Federal Law No. (5) of 1985 On the Civil Transactions Law of the United Arab Emirates 96
The provisions of this law, promulgating UAE Civil Code, govern the civil transactions in the United Arab Emirates. The commercial transactions remain subject to the laws and regulations applicable in their regard.
Dec 15, 1985
148341

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Hello,
My employer fired me under Article 44 for not showing up for work for 7 days in a row. But that’s not the case at all. I was sick and the management was aware and they let me go.
I went to another country to get treatment because it’s expensive in Dubai. My employer did not pay me my salary for the month I worked and fired me.
I have official sick leave from another country and there is correspondence where my employer sent me to another country for treatment.
The problem is that the employer says that he will take compensation for the training that was specified in the contract, but I did not undergo training at all; I immediately started work from the first day of work and there was no training.
Does my employer have the right to charge me such a fee and not pay my salary?
Feb 29, 2024
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How to make the seller hand over the tenant's security deposit to the buyer upon completing a sale? 0
Should the seller in Dubai hand over their tenant's security deposit to the buyer upon completing a sale?
Who is responsible for managing this process?
At the time of the exchange, the broker said he would follow up with the seller and collect the deposit.
He hasn’t, and the seller has not handed over the deposit.
Feb 8, 2024
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How to deal with in-laws provoking and recording reactions? 0
Dear Sir/Madam,
My husband's family constantly provokes me and then records my every exaggerated reaction.
Now I'm worried that they might use those things against me.
Feb 8, 2024
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How to cancel the MoU to buy an apartment with the broker if the bank did not approve the loan? 0
Hi,
I have a situation where I signed an MoU and gave my security deposit to the seller's agent. However later, the bank valuation of the property is lower than the selling price.
On my MoU, it has a clause that “the buyer has a right to cancel/negotiate if the bank valuation is not the same as MoU.” I tried to negotiate, however, we didn't agree on the price so I asked to cancel.
Now the agent is threatening me that they will not cancel the MoU and that will deposit my cheque. Later I also came to know that the person I am dealing with is not the same person whose name is mentioned as a broker in the MoU.
The agent I am dealing with is constantly messaging me with threats. I decided not to speak to him and instead, I wrote an email to the broker whose name is mentioned on the MoU but received no response.
I am on a very tight timeline as I need to vacate my apartment in 3 weeks, I found another unit but I don't know if I can pursue this while the initial MoU still not canceled.
Please, I need advice.
Feb 8, 2024
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Employer asking for visa reimbursement after resignation: do I need to pay? 0
Hello Sir/Madam,
I have already finished my first year with my company and resigned.
My employer is asking me to reimburse the cost of my visa because I did not finish my two-year contract.
Do I need to pay? The cost is 7,000 AED.
Oct 20, 2023
796
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