Questions & Answers
Questions & Answers
5 available 5 • View allProtecting the foreign investor's rights when incorporating a company in the UAE


0
Q: I intend to participate in a boat charter company in which I will be the de facto 100% owner and supplying a boat for its operation.
I understand that in order to be able to register the boat in the UAE and obtain the trade license, there has to be an LLC. However, to establish an LLC, a local person has to act as a 51% shareholder.
Question:
Can an MOA and AOA LEGALLY and in FULL CONFORMITY OF THE UAE LAW:
a) define a GPA to me only to sell and deal with the assets (the boat) and receive the proceeds from a sale?
b) restrict THE DIRECTORS and/or a Quorum of less than 75% of the Shareholder to sell assets (the boat) and borrow/commit the company to any financial obligations?
Goal: the 51% local shareholder and the directors should not be able to dispose of the assets without my consent, and not to borrow or lend funds against the asset (the boat).
What will be your cost setting up an LLC and drawing the appropriate documents incorporating the above?
Please advise!



Apr 16, 2020
315
Legal assistance in drafting a shareholders agreement for a startup
3
Q: We are a startup based in the UAE with a setup in the BVI and shareholders.
We have been growing rapidly these past couple of years and we are looking for a reliable lawyer to re-write our shareholder agreement and help us with the legal structure of the company.
Kindly advise.

May 16, 2020
533
How to structure LLC company to protect your investment

2
Q: I am in the process of setting up an LLC for tailoring shop. Is there a standard MoA in place or can I make amendments to it?
If tomorrow I have a conflict with my partner and want to change him, what is the recourse and what kind of timelines and cost am I looking at?
What are the things I should get included in the MoA to protect my investment and allow me the flexibility to change a partner with minimum damages?


Oct 23, 2017
2147
How to make sure about investment to protect your interests before entering it?


1
Q: Good morning,
I am interested in investing in a venture with a business partner who has sent me a contract.
I would like to ensure that I am adequately protected in various scenarios, such as if either of us decides to end our partnership.
Specifically, I am seeking clarity on how the remaining shares will be divided, at what price we will need to buy them, and how the overall value of the business will be determined.
Can you tell me all the required parts that a contract in the UAE should contain (for a 50/50 business venture)?
Have a good day, and thank you for your replies



Feb 23, 2023
101
الحل تجاه مماطلة الشريك بشأن حسابات شركة ذات مسؤولية محدودة



3
س: السلام عليكم،
أنا شريك في رخصة تجارية لشركة ذات مسؤولية محدودة. شريكتي في الرخصة زوجة مدير الرخصة إلا أنه ولمدة طويلة، كلما أطالبهم بحسابات المحل وتفاصيله يتهربوا من تصفيتها.
الآن الأمر غير مقبول بسبب المماطلة والتسويف إلى جانب اكتشاف بعض التلاعب في الدفاتر المتعارف عليها بيننا.
هل أقدِّم شكوى إلى قسم الشرطة؟ أم ماذا أفعل؟
أرجو الرد!




Apr 4, 2023
142
Legal blog
5 available 5 • 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
3641
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
17678
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
6318
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
The UAE Issues Rules for Full Foreign Ownership of Companies 0
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
669
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
29527

Other answers by
108 108 answers •
View allCan you enter Dubai if you leave a GCC country with possible civil and criminal cases? 0
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
426
Help with drafting service provider agreement for marketplace tech startup 0
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
379
Drafting an agreement between an auto service marketplace and service providers 0
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
357
Legal assistance in preparing T&Cs and privacy policy for startups 0
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
159
Legal requirements for starting a business by a minor 0
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
1245

Premium
Other answers by
337 337 answers •
View allCan a debt agency access AECB reports without consent for a 15-year-old closed case? 0
Dear Respected Lawyers,
Subject: Request for Legal Advice Regarding Unlawful Practices by a Debt Collection Agency
I would greatly appreciate your advice and guidance regarding a troubling issue my colleague is facing with a collection agency.
The company has been contacting the employer, urging them to ask my colleague to get in touch with them regarding a supposed liability.
This claim is related to a 15-year-old closed dispute with a bank credit card, and the issue seems to stem from outdated and inaccurate information on the AECB report.
Our main concerns are as follows:
Unauthorized Access: The company is accessing her AECB report without her consent. She has never given permission for them to retrieve or view her personal financial information.
How is it possible for a third-party agency to openly access and track AECB reports, especially for a dispute that was resolved 15 years ago?
Apr 8, 2025
74
I was evicted from my apartment to be sold but it was gifted and rented at a higher price. What can I do? 0
I was evicted from my apartment after living there for five years. My landlord informed me a year in advance that the lease would not be renewed because he intended to sell the property.
Prior to this, he attempted to impose a rent increase that was not compliant with RERA regulations, which I refused to accept. He then served me with an official Dubai Court eviction notice, citing the need to take back the property for sale.
Five months after I moved out, I discovered the property was rented out at a much higher price. Upon further investigation, I found that the ownership was transferred as a "Gift" rather than a sale.
This makes it seem like the eviction was only to raise the rent rather than a genuine need to sell.
Do I have a valid case for wrongful eviction against my landlord?
Also, under Dubai law, does transferring ownership as a "Gift" hold the same legal grounds as selling in justifying eviction?
Dec 18, 2024
90
Can I file a case for cyberbullying or defamation after my ex-wife's abusive messages? 0
Hello,
My ex-wife has abused me in chat and called me the following: illiterate, beggar, and said that I don’t have [------].
She called me a bad parent and a bad son.
Can I file a cyberbullying, defamation, or abuse case against her? What are my options?
Jan 3, 2025
112
I invested money in a business but my partner is removing me out from partnership. Can I pursue legal action? 0
Hi
I'm an Irish citizen and a resident of the United Kingdom. I got investment fraud in Dubai. I invested money into a business with a Pakistani national guy in March 2024 via bank transfer into his business account.
Now he's giving back the money which I invested in business after 9 months. He's preparing a letter from a local lawyer to kick me out of the business. I do not have any other option than to take out at least my money.
But it's unfair to me that he used my money in business and took all the advantage.
Some people say to me that if you claim money or take legal action against him, it will take too much time and I need to travel to Dubai to appear in court because it is a civil matter. But I'm not a resident.
How can I follow the civil case there?
That's why my partner knows that I can not do anything and this case keeps running long time and in the end nothing happens. But I'm thinking that I will submit a complaint through my embassy and I also have a solicitor in the United Kingdom.
Dec 24, 2024
50
Seeking justice and compensation for wife's loss due to medical negligence during childbirth 0
Dear Lawyers,
My relative lost his wife during childbirth due to clear medical negligence, as stated in the report from the DHA medical committee.
He had to relocate to India due to the situation and is currently working there.
Please guide us on the steps to take for justice and compensation.
Dec 19, 2024
76
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