Questions & Answers
Questions & Answers
3 available 3 • View allAssistance with the side agreement while establishing an LLC
Q: Hi,
I'm starting a food import company in mainland UAE where my Emirati partner (a close friend) will have 20% and I will have 80%.
We're gonna take care of the company creation in DED and trade license application.
At which stage are we supposed to draft the ''side agreement'' and sign the power of attorney?
Can we create a company where I will have 49% of the shares and register it with DED and then draft the side agreement (80% - 20%) and power of attorney in a second step?
Thank you
Apr 20, 2020
491
Validity of the side agreement of an LLC in the court
Q: For LLC formation in the UAE, will side agreements made with the local individual partner be valid in the court of law?
Sep 27, 2019
1192
Entering into a side agreement with the local Emirati partner
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.
Sep 12, 2019
1375
Legal blog
6 available 6 • View allLocal Partner Share contribution in the UAE: What You Need to Know
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
17728
Legal Aspects of Company Incorporations in the UAE
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
3676
100% Foreign Ownership of Companies in the UAE
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
3140
Amendments to the UAE Company Law
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
755
The UAE Issues Rules for Full Foreign Ownership of Companies
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
685
Online POA and Other Notary Public Services in the UAE
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
19235
Laws & Regulations
1 available 1 • View allFederal Law No. (2) of 2015 On Commercial Companies
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
29572
Other answers by
Can you enter Dubai if you leave a GCC country with possible civil and criminal cases?
Hi Hayyan,
In 2014 I had been to Qatar on a "Work-Business" visa valid for 30 days. Before my visa expiration, I fled from Qatar back to India without informing the sponsor or office management.
After I returned to India, I received an email from HR stating that the Qatari sponsor has filed an absconding case, a civil case, and a criminal case against me with the Ministry of Interior in Qatar.
Now my question is, can I travel to Dubai on a work visa?
Will there be any issue entering Dubai assuming that the Qatari sponsor has filed the said cases against me?
Awaiting your response,
H.
Currently staying in India.
Mar 8, 2022
452
Drafting an agreement between an auto service marketplace and service providers
Hi Mohammed,
We are a tech startup creating an auto service and repair marketplace. As a marketplace, we only facilitate listing and booking the services while the service providers (the workshops) are the service providers and are responsible to deliver and carry the selected/booked job.
We need to draft a marketplace supplier/service provider agreement between us and the workshops outlining the responsibilities and liabilities of both sides. I would like to work with a law firm that has previous experience in drafting such marketplace-related agreements.
Is this something you can work on and have previous experience in?
Dec 6, 2021
394
Help with drafting service provider agreement for marketplace tech startup
We are a tech startup creating the first auto/car service and repair marketplace.
As a marketplace, we only facilitate listing and booking the services while the service providers (the workshops) are the service providers and are responsible to deliver and carry the selected /booked job.
We need to draft a marketplace supplier/service provider agreement between us and the workshops outlining the responsibilities and liabilities of both sides.
I would like to work with a law firm that has previous experience in drafting such marketplace-related agreements.
Dec 7, 2021
410
Legal assistance in preparing T&Cs and privacy policy for startups
Hi,
I am starting a website that connects freelancers to media professionals and individuals. It will be a marketplace sort of platform.
Where can I find a legal advisor to help with the terms and conditions and privacy policy for startups?
Thank you for your reply in advance.
N.
Sep 20, 2021
176
Legal requirements for starting a business by a minor
Legal requirements for starting a business by a minor in the UAE
I am currently 16 and I’m an Emirati national. I am willing to start my own e-commerce business.
Is it possible to get an e-commerce license even if I am a minor?
Jul 12, 2021
1278
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