Questions & Answers
Questions & Answers
7 available 7 • View allLegal assistance to exit a shareholder agreement
0
Q: Hello
I am looking for someone to review a shareholder agreement and advise on how to exit. The shareholder agreement is done in the UAE.
Please advise if this is something you do and your fees.
Many thanks
Maria

Aug 13, 2018
522
Shareholder agreement and the legal way to exit it
0
Q: Hello
I am looking for someone to review a shareholder agreement and advise on how to exit. The shareholder agreement is done in the UAE.
Please advise if this is something you do and your fees.
Many thanks
Maria

Aug 13, 2018
319
The right of one partner to force another to transfer shares
0
Q: Hello,
I am based in Dubai.
I am the 49% shareholder and manager of a Dubai-based general trading company.
Suddenly, my local sponsor is asking me to resign and insisting me to transfer my shares to his son.
I refused to resign and transfer the shares. Can he take any legal action against me?

Sep 18, 2019
468
How to leave a Freezone company while being a partner and a managing director

2
Q: I own 1% of shares and my partner owns 99% in a Dubai Freezone company.
I assigned as a managing director as well. Due to many reasons, I want to leave the company.
What would be my steps?


Nov 12, 2019
685
A partner wants to leave the company. What to do?
3
Q: I had registered a company in Shams Sharjah free zone since almost one year and 3 months. I own 95% of company shares and another partner has 5%.
The company until now has no activities. I already got my visa & UAE ID and the situation now is my partner wants to step out and I would like to know the process & fees to do so.
Can you advise me, please?

Nov 8, 2021
491
How to change the company status when the Emirati partner passes away?
0
Q: Our local Emirati partner who owns 51% passed away 2 years back.
He didn't invest any money however we pay every year sponsoring fees.
How to get rid of this issue?

Feb 10, 2022
288
Is share capital decreasing possible? Are statutory retained earnings and statutory capital reserve the same?



0
Q: As per the UAE Company Law, is share capital decreasing possible?
Are statutory retained earnings and statutory capital reserve the same?
As per the UAE Company Law are there any statutory retained earnings and/or statutory capital reserve applicable?
If so, how much?




Apr 29, 2024
194
Legal blog
2 available 2 • View allLegal 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
3677
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
17728
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
29572

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Other answers by
How to liquidate a free zone company after the death of one partner 2
I am a company owner In Shams free zone of 50 per cent share and have a partner visa. My partner was a Russian who went to Russia and died.
When I went to the free zone to cancel my visa and close the company, they have asked me to get his attested death certificate and NOC from his heirs.
The problem I am facing is his family doesn’t want to give the death certificate nor they want to give NOC. Now my resident visa validity is over and I am on fine every day.
Neither the free zone is cooperating nor the partner's family. What is the other way I can cancel my visa and close the company?
Can someone guide me, please?
Apr 19, 2021
728
How the objection of a client be dealt with after being notified for termination by DLD? 2
I have been notified by DLD that I am in breach of an off-plan sales agreement, and the developer wishes to terminate the agreement.
The date on the notice is March 9, 2021, and I received it from the developer on March 11, 2021. The notice says I have 30 days "from the date of being notified" to make the outstanding payment.
On the termination notice from DLD, a list of objections is present. One of the objections states that the developer must hand over the final SPA to me.
In this case, I have not received the final SPA from the developer. I made an objection in writing to the DLD pointing this fact out and sent it via email, and received a confirmation of the same from DLD by return e-mail on April 6, 2021.
30 days from March 9th is April 8th, or from March 11th is April 10th. Does the developer have to respond to my objection before the DLD will allow them to terminate the agreement?
In this case, will the time I have to make the payment be extended by any period?
Apr 19, 2021
1450
Opening a trustee with wife and signing a postnuptial agreement 1
I would like to open a trustee with my wife and sign a postnuptial agreement.
Apr 19, 2021
494
Closing a business while the local service agent is not reachable 2
Hi,
We have a professional services license (2 partners) + 1 local service agent registered with DED, Dubai.
The partners wish to close the business because of unavoidable circumstances. We wish to proceed with all the necessary paperwork for cancellation.
Unfortunately, the local service agent is not available. We have been trying to connect to him multiple times but have not been able to reach him.
The due date for the renewal of the company is coming up and we want to proceed with all the paperwork for cancellation prior to that.
Kindly advise us about the options if the local service agent is unavailable.
Apr 19, 2021
832
Returning to the UAE to run business after being convicted with a crime 6
Hi,
I want some information regarding my uncle. He was arrested in November 2015 and was in prison until 13 June 2016 when he was deported to Pakistan.
The reason for the arrest was that my uncle had his own business in Sharjah and he was involved in a case where his employee accused him of attacking him and other allegations. He was arrested and convicted.
He needs to reenter the country as he has his business in Sharjah but I believe he is blacklisted/banned. How can I find out if he is blacklisted/banned and how can it be removed to allow my uncle to reenter the country and take over his business?
Is there any way of helping to resolve this issue?
I know that if he enters on a visa, he could be arrested at the airport, and don’t want that to happen.
Thank you!
Apr 5, 2021
538

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Can I travel with a non-paid telecom bill in the UAE if my visa is canceled? 3
Can I travel with a non-paid telecom bill in the UAE if my visa is canceled?
Feb 16, 2023
779
Does the new property owner have to sign a new contract with the tenant? 3
Hi,
I'm a new landlord of the property which is already rented.
Kindly advise, do we have to sign a new tenancy contract with the tenant for the remaining period? And who will pay the cost of Ejari?
Feb 16, 2023
2596
Cleaner's resignation with 30-day notice in incomplete contract 7
Hello,
Good afternoon!
My friend works as a cleaner for a cleaning company and she now wants to resign with a 30-day notice. However, she has not completed the two-year contract and has only served for 16 months.
Additionally, she has not taken any vacation leave. The sad part is that when she signed the offer letter, she did not receive a copy of it and only signed it.
I would be very grateful if you could let me know if she would have to pay or if her boss has the right to not accept the resignation if the notice period mentioned in the offer letter is more than a month.
Her boss has not provided her with any kind of proof that she can use in the future if anything happens.
Feb 13, 2023
597
إثبات صورية شراكة كفيل إماراتي 1
السلام عليكم،
نحن شركة ذات مسؤولية محدودة ولدينا كفيل إماراتي صوري، ولكن بالرخصة التجارية هو شريك. هذا الكفيل صاحب أخلاق عالية ولا خوف منه ويعرف نفسه بأنه ليس بشريك فعلي.
السؤال: إذا، لا سمح الله، توفي فقد نخوض مشاكل قانونية مع عائلته، فما الحل القانوني الذي يمكن أن ننجزه معه الآن ضمانًا لحقوقنا مستقبلاً؟
Aug 16, 2022
486
العميل سدد المبالغ التي استخدمها ورفض دفع مبالغ الفائدة البنكية. هل يجوز ذلك؟ 2
السلام عليكم،
هل يحق للبنك في إمارة دبي أن يرفع دعوى جنائية أو مدنية ضد عميل لم يسدد مبالغ الفائدة بل سدد فقط المبالغ التي قدمها البنك أصليًا (مبلغ القرض فقط)؟
منحه البنك بطاقة ائتمانية بحجة أنه "قرض حسن بدون فوائد"، وبعدما استخدم العميل البطاقة الائتمانية بفترة زمنية قصيرة وفجأةً تم إرسال رسالة إلى العميل تفيد بأن هناك مبالغ متراكمة بسبب الفائدة البنكية بقيمة ٤٠٪ من القرض الأساس المُقدم إليه.
علمًا بأنه تم تزويد العميل بالبطاقة الائتمانية عن طريق البريد السريع لعنوان منزله بدون طلب رسمي من العميل بذلك، بالإضافة إلى أنه لا يوجد أي من المستندات التالية بين البنك والعميل:
١- عقد. ٢- اتفاقية. ٣- شيكات كضمان. ٤- سند أو شريعة أو قبول خطي أو غير خطي أو توثيق يتضمن أي توقيع من الأطراف؛ بمعنى آخر، لا يوجد أي اتفاق على الإطلاق.
العميل سدد المبالغ التي استخدمها ورفض دفع مبالغ الفائدة البنكية المضافة سالفة الذكر.
الرجاء الإفادة ولكم جزيل الشكر!
Aug 14, 2022
273
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