Q: Buying a small business in Abu Dhabi. What are the legal requirements? What are the items on a checklist that one should consider before investing? What are the pitfalls of buying an existing business?

Q: Hi, I am planning to buy an existing active company, 13 yrs old, but I foresee legal issues/hidden liabilities later. How can I best safeguard myself? What measures need to be taken before the transfer? Please advice!

Q: I'm interested in investing in a restaurant business. How can I check to ensure they are a legitimate company and won't just take my money and disappear?

Q: Hello I am planning to buy an existing sole establishment company in Dubai. How can I inquire if the company has any existing loans? Also, once I buy the company, will I be liable for the payments of the existing business loans taken by the old owner? The email was wrong in the previous question.

Q: There are few things I want to find out: 1. How to get background verification, legal check of any open/ongoing cases and financial liability check on a person and a business registered in Dubai, UAE? 2. If I have to enter into a new partnership on an existing trade license, do I become liable for any old existing liability/case on the older trade license? 3. Where can I find all the rules that I have to follow as a business owner and employer towards staff like mechanics, etc.?

Q: I had purchased a company from someone and had taken his personal loan on my shoulder but when I realized that there are a lot of other depths such as company cheques, I asked the old owner to return my payment. He agreed to pay half and asked me to sell the company under another person's name. The 3rd person who took the company from me had agreed that he will take the personal loan to his shoulder but after taking the company, he didn’t approach the bank to change the signatory and he run away because the company bank account still under my name (only as per bank record) but legally, the company is not under my name at all. To avoid issues, I keep paying my monthly installment which is above 6500 AED directly to the loan agreement number. I can see that the court has blocked my x- company account and informed the bank to deduct above 320k in case it is credited from other sources to that account. My question is should I complete the loan? If yes, after completing the loan, can I close the account by showing the new memorandum?

Q: We are a holding company and we would like to buy 60% value of the other company, which documents we will be referring to?

Q: Hi, I am looking to buy a 15% stake in an existing active company (mainland). What is the due diligence which I must do to ensure I am not scammed? What are the legal and economic aspects I should be aware of? Kindly assist me. Thanks in advance!

Q: Dear sir/madam, I plan to take over the entire stuff of the factory, premises, and customer transmission but not the trade license. I shall be taking my own new trade license and using existing premises, equipment and workers too (by changing the visas). It is more or less like taking over all the CAPEX and headcount. The trade license has not been taken over and the factory name shall be changed. In this scenario, what type of precaution need to be taken? And what kind of purchase agreement is to be made?

Q: A local company in Dubai intends to acquire a 50% ownership stake in an auto repair business currently owned by an individual (100%). We are seeking professional legal advisory services to guide us through the acquisition process.

This article intends to give a brief idea of corporate crime, how it happens in the corporate world, the relevance of choosing the right legal action and mechanism.

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.

The different Emirates in the UAE have different requirements and procedures for obtaining business licenses. To register your entity, you need to follow steps and obtain approvals from the Department of Economic Development and other relevant authorities.

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.