Questions & Answers
How to cancel a partner visa while another partner is absconding
My brother and I are partners of a company in Dubai. We filed a case against our third partner who was the owner of the established company in 2014 and his wife was a partner.
He cheated us by showing a fake business/profit proposal. He made us partners also in October 2017. We were never involved in the business and we are Abudhabi residents.
We filed a case in Feb 2018 when we realized he did not invest our money as our agreement. From then on, he is missing. Now our partner visas’ have expired (Nov 14th) and he is still absconding.
We have a judgment against him and ongoing execution for our case. He also has a travel ban and an arrest warrant. We need to cancel the visas so that we can apply for another new visa.
I am in the UAE and my brother is outside UAE. It has been three months now.
Need sincere assistance!
Dear Client,
Good day!
Yes, according to the New Law in place, if one of the partners has died, absconded, left, or if there's a criminal case or arrest warrant, you have the right to liquidate the company.
You need to file in the court, ask for a formal letter from the court to give us options for the liquidation of the company, renewal of the Trade License, or removal as a shareholder.
However, in the corporate commercial procedure, you need to send a notice for a shareholder's meeting or a partner's meeting.
Then we should pass a Board Resolution and after that, you need to go to the court to ask for an order of the court to remove him as a partner.
For further assistance, please feel free to contact us via phone or email.
Thank you!
