Q: I am planning to be a partner in a sole establishment license in Dubai mainland. Can I legalize my partnership and payment? A: This can be done through a Nominee Agreement. The agreement will clearly highlight the rights and obligations of each party, in accordance with prevailing UAE laws…

Dubai, UAE

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Notarizing and legalizing the agreement of partners for a sole establishment

I am planning to be a partner in a sole establishment license in Dubai mainland and will be a silent partner.

Is it possible to notarize the agreement of partners for a sole establishment?

Can I legalize my partnership and payment?

Hayyan Khan

Avrio Legal Group

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31 Jul 2020, 13:45

Hi,

This depends on a number of factors such as where the company will be incorporated, the purpose of becoming a silent partner, etc. We’re happy to discuss your requirements via call.

For further information, please contact us via email.

1 Aug 2020, 09:18

The company is incorporated in Dubai, Deira and the license is issued by Dubai Economy. We are adding a partner due to insufficient funds for running the business.

3 Aug 2020, 09:06

Hi,

This can be done through a Nominee Agreement. The agreement will clearly highlight the rights and obligations of each party, in accordance with prevailing UAE laws.

For further information, please contact us. Alternatively, you can provide your contact details and we will get in touch.

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