Questions & Answers
Questions & Answers
7 available 7 • 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
764
Changing of local sponsor for a new LLC company
16
Q: Hi, I have recently started setting up a business (LLC) in Dubai and I have got an MOA already from Dubai Court signed by my local sponsor and myself. At this time of writing, I have waited a month already for my office "legal" Ejari which the PRO said he would arrange for some amount of money but not having a physical office in fact.
I am really confused now why it isn't done yet until now, which as far as I know should not take that long. In fact, I have met the local sponsor without the knowledge of his PRO, gave him AED 2,000 as per his demand and promised he could expedite the process and would do it by himself. Now, the local sponsor is no longer picking my calls.
Question: can I amend my application with another sponsor? I have paid him AED 5,500 as sponsor's fee for 1 year, can I still take that money back?

Mar 10, 2017
15921
How to change the local partner upon the request of a set up LLC buyer
0
Q: Hi,
I have a one-year-old LLC license which is established through a business set up company.
Now, due to some financial issues, I am selling my company. I have a ready buyer for this but he didn't want to keep the existing sponsor.
On the other hand, the existing business set up company does not agree to transfer the sponsor and willing to keep the sponsor who belongs to them only.
Please advise what I can do legally in this case.
Thanks
AS

Mar 6, 2018
964
Assistance 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
936
ضرورة تجديد عقد إيجار المكتب عند تجديد رخصة تجارية
3
س: السلام عليكم
أرجو الإفادة، هل شرط أساسى لتجديد رخصتى التجارية فى دبي الحصول على عقد إيجار جديد؟ علماً أن القديم انتهت مدته وأستأجر مكتباً.

Apr 18, 2019
481
The way of changing the local agent of a sole establishment
3
Q: Dear,
I have a sole establishment company with a local sponsor as my agent. My sponsor is not very cooperative and hard to reach.
I want to change her but I don't know how. Is there any way I can change her for another sponsor?

Dec 16, 2019
842
How to notarize and legalize a sole establishment partnership in Dubai?


2
Q: Dear Sir/Madam,
I am planning to be a partner in a sole establishment license in Dubai mainland.
Is it possible to have the agreement of partners for a sole establishment notarized?
Can I legalize my partnership and payment?



Jun 20, 2023
118
Legal blog
5 available 5 • 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.
Mar 14, 2017
6318
Local 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
17678
100% Foreign Ownership of Companies in the UAE 12
The UAE government has announced important changes to the federal Commercial Companies Law, the most significant is related to the foreign ownership of mainland companies. This will grant foreign investors the full ownership of share capital in companies carrying out certain activities specified to that effect by the competent authorities. This means that foreign investors’ shares will not be limited anymore to a maximum of 49% like before, but can be up to 100% instead.
Jun 13, 2021
3100
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
741
Online POA and Other Notary Public Services in the UAE 28
With the introduction of the new procedures for obtaining a power of attorney (POA) remotely in the UAE, after it was mandatory to appear in person in front of the notary public as a global rule to ensure the identity and intention of the person requesting a POA, we put between your hands this brief guide for how you get it done.
Jun 8, 2021
19171
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
29527

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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.
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Employer asking for visa reimbursement after resignation: do I need to pay? 0
Hello Sir/Madam,
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My employer is asking me to reimburse the cost of my visa because I did not finish my two-year contract.
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Oct 20, 2023
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