Questions & Answers
Questions & Answers
7 available 7 • View allThe power of one LLC partner to solely remove employees
0
Q: I would like to ask a question.
If there is a company with limited liability between three partners, can any of the partners remove any employee from the company, such as the director of managers, the implementation manager, the director of the hall, any other manager or any other employee without the consent of the other partners?

Nov 14, 2018
248
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
Protection of investment in LLC business
3
Q: I did partnership in LLC business with one Indian last year. Recently I asked him to return my investment as he was not giving any reward of my investment. He agreed to return it. But now he is absconding because he owes some amount to an old partner who filed a police case against him.
What should I do now to protect my investment or to avoid further loss?
My 2nd question is: which percentage of shares will apply in case of loss? Trade license shows 15% my shares.

Jul 4, 2017
1110
Transferring shares to a partner while being outside the UAE

2
Q: I am a partner in an LLC company in the UAE. I am in India now and do not wish to continue association with the company there.
I have told my partner to take over the company and remove my name from the license, but my partner is insisting that I visit the UAE to transfer the business to his name.
Kindly advise!


Jan 24, 2020
722
تنازل أحد الشركاء عن حصته في شركة ذات مسؤولية محدودة بدون حضور الباقين

1
س: شركة ذات مسؤولية محدودة أنا شريك ومدير بها والشريك الثاني مواطن والشريك الثالث مصري خارج الإمارات ولن يعود الآن.
السؤال:
هل يمكنني التنازل عن حصتي في الشركة لأي شريك منهم سواء المواطن أو المصري بدون حضور الشركاء؟
أقصد أن أُحرر التنازل في كاتب العدل بدون حضور أي أحد من الشركاء أو بحضور الشريك المواطن فقط.
إذا كان يجوز فعلاً، فبالنسبة للدائرة الاقتصادية، هل يجوز لي بهذا التنازل إخراج نفسي من الشركة في الدائرة الاقتصادية أيضًا بدون حضور الشركاء أو بحضوري أنا والمواطن فقط إذ أن الشريك الثالث لن يعود الآن؟


Sep 13, 2021
3802
Is it possible for a UAE free zone company to transfer shares to somebody residing in India?

0
Q: Is it possible for a UAE free zone company to transfer shares to somebody residing in India?
If yes, what are the conditions you need to comply with during and after such a transfer?


Mar 21, 2024
112
What to do if the partner you add on your license changes the terms without your consent?




0
Q: My wife has a license in Dubai. Later we took one partner for 50% of her license.
My wife signed the MOU in Amer Center without reading the changes made by him in terms that were not agreed upon.
Later when we checked the copy of the MOU, we found that he had removed her name as a manager and put his name.
He mentioned 50% shareholder for each partner in the company but in profit and loss, he mentioned 75% for him and 25% for her and bank account authority also he took solely.
We asked him to change the terms as we never discussed or agreed on those terms. But he has now full control of the license and is not ready to change the MOU terms.
Is there any legal way to compel him to change MOU terms?





+2
Nov 20, 2024
41
Legal blog
6 available 6 • 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
3640
An 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
6317
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
17675
What Can I Do If I Have a Dispute With My Joint Shareholder? 5
An interview-format article covering the topic of shareholder disputes in the UAE and pre-emptive measure to be considered. This is from the legal podcast of lawyer Ludmila Yamalova, the founder of Lawgical with LYLAW.
Mar 24, 2020
5880
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
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
19169
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
29525

Other answers by
68 68 answers •
View allOptions for dealing with a divorce case while being abroad 0
Is it possible to have a divorce case and leave the country?
Do I have to stay in the UAE if the divorce is still not done?
The procedures are very slow and I cannot be in the UAE in the upcoming months.
What are the options for dealing with the divorce and the court while being abroad?
Jun 29, 2020
1232
Filing bounced cheques cases to force payment 0
What is the jail term for a criminal case of a cheque totalling amount of 1,330,000/-, 9 cheques of AED 40,000/-, 12 cheques of AED 50,000/-, 1 cheque of AED 120,000/- (all on the personal name), & 1 cheque of AED 250,000/- (on the company's name) in Sharjah?
Could we file a civil suit for the same as the person doesn't get released until he pays & clears the cheque amounts?
Are we also eligible to claim the damages & losses?
How much could be claimed for damages?
Please define with your best knowledge.
Thanking you for your kind cooperation.
Jun 8, 2020
497
How to guarantee my right in accrued leave days or payment 0
Dear Sir,
My contract is a fulltime employee for a company in the UAE, and my leave entitlement state 10 weeks work and 2 weeks off.
However, due to the COVID-19, I have been unable to take that leave and have accrued two months leave or 61 days with four flight tickets.
My question is, can my company legally cancel those accrued days at the start of the new year or would they have to pay me for those days?
Jun 4, 2020
559
How to guarantee labour rights before signing the cancellation paper 0
Good morning All,
I was terminated by my company in March 2020 for not signing the unpaid leave document given to me. I was terminated on 23rd March 2020.
Once termination letter was signed, ever since then, I have been chasing my ex-company for releasing the final settlement and each time they come up with a different plan.
The last option they gave was to sign an agreement with them for 6 months plan but are not giving me any guarantee cheques and insist that I sign the cancellation papers. I want to simply take my money and leave the UAE.
They have also directed me to their lawyers now who insist that any agreement signed with the company is not required to be notarized by Dubai Courts and the company is not legally bound to give me any cheques as a guarantee.
The company that I worked for is located in Dubai and is a private organisation.
Jun 4, 2020
510
Following up on a labor case after traveling to the home country 0
After working for my employer for nearly two years on an unlimited contract as a COO of a restaurant company, my employer owes me approx 193000, not including notice period.
I have filed a case with the MOHRE. They have tried to contact the employer who has ignored the calls and is also ignoring me.
I know that I will have to escalate the complaint but, based on experience with the way the employer treats past employees and how he ignores suppliers and landlords, it is fair to assume that he will ignore this as well.
I have little options and I have to leave the country as the apartment rent paid by the company expires mid-July. If I leave, can I maintain the complaint, and what is the likelihood of getting the money owed in this scenario when I travel back to the UK?
Jun 4, 2020
1553
Get quotes from lawyers
Find the right lawyer for your legal needs.
Submit your request and get multiple
competitive offers from
qualified lawyers.
Popular Q&A
View all Looking for something else?
Ask for advice from a lawyer