Questions & Answers
Questions & Answers
8 available 8 • View allLegal requirements for starting a hair salon in the UAE


7
Q: Hello
Actually, I want to start a Gents Salon in Dubai
So which company will be better for doing all formalities like the sponsor, license... etc.?
Also, can I get any loan for this business from any bank in Dubai/ UAE?



Jan 10, 2021
4740
How to safeguard your investment plans in the UAE
1
Q: Our company is registered in the UAE for the past three years, and now we want to expand our business by taking a loan or investment from a foreign company.
What are the rules and regulations that keep both parties safe?
Please provide us with accurate information to be safe from any future problems.

Jan 4, 2018
803
Possible scenario in case of defaulting on a business loan
0
Q: Dear Ma'am,
I want to take a loan for business purpose, but if my business is no more working and I am not able to pay the monthly instalments, which type of punishment I have to face or what fines?

Mar 19, 2019
759
Does an FZE need the Central Bank approval to invest money in another onshore company?
0
Q: Dear Sir,
Can an FZE lend money to another onshore company or invest its own funds in another company without a license from the Central Bank?

Sep 8, 2021
217
How to protect the financial transactions from being considered money laundering?
1
Q: Hello,
I have a question regarding the legality of the following scenario:
1) UAE company 100% owned by individual "A" provides service and invoices of a foreign company of which individual "A" owns 40% share.
2) UAE company 100% owned by individual "A" provides service and invoices of a foreign company of which individual "A" is an employee (CEO, General Manager or such) and has no ownership.
All transactions would be made bank to bank transfers, fully transparent, with invoices to support each transaction.
The reason I am asking is that I have seen on an online forum (not run by experts) that this might be considered money laundering or illegal invoicing!
Your help is much appreciated!
I am trying to make sure that any future ventures I might consider are done by the book and according to UAE laws.

Jan 10, 2022
266
Is it legal to give loans to friends from the company by its owner?
2
Q: Hi,
I have a company in Dubai.
Can I give a loan to my friends from my company?
This is a personal loan and without interest. Also, I need a loan agreement format.

Oct 8, 2019
988
Transferring money to a personal account in the UAE

2
Q: Hello,
We have moved to the UAE and opened a Free Zone Company. We have managed to open our personal UAE bank accounts and these accounts have a GBP foreign currency account in them as well (personal).
Now, the issue is we are facing tremendous issues with two business banks that we opted to apply for our business accounts.
Our questions:
We have two clients in the United Kingdom that will be paying us in GBP £, can we get them to pay us directly into our personal GBP accounts whilst we wait for the banks to get their act together?
Would this be allowed by UAE law?


May 29, 2022
1870
Is it allowed for a company owner to transfer a loan to company account?

3
Q: Dear Sir/Madam,
The owner of the company, who is a 100% shareholder, is willing to transfer a loan to the company account.
1. Is it allowed for the company and shareholder?
2. If it is allowed, based on which law is the regulation of it?
3. How long a period is allowed for loan return?
4. Can it be an interest-free loan (credit)?


Mar 31, 2024
363
Legal blog
2 available 2 • View allAn 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
6315
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
3097
Laws & Regulations
3 available 3 • 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
29524
Federal Law No. (18) of 1993 Issuing the Commercial Transactions Law 19
This Law applies to merchants, as well as to all acts of commerce carried out in the UAE by any person even though he be not a trader. Commercial matters regarding which specific Federal laws are issued shall be subject to the provisions of such laws, and to the provisions hereof which do not contradict with said laws.
Sep 7, 1993
33000
Federal Law No. (4) of 2002 On the Incrimination of Money Laundering 1
The law defines the crimes related to money laundering, commitments and the jurisdictions of the governmental authorities, and the sanctions against perpetrators of money laundering.
Jan 22, 2002
1793

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Other answers by
26 26 answers •
View allThe rights of an employee who works for another employer upon terminating him 0
Hello sir,
We have an employee who was under probation period on a limited contract and with our company visa. The performance is poor and it is found that he is working for another company (his old work) while working with us.
So the management decided to terminate the contract. Apart from the salary, do we have to pay his ticket fare?
May 25, 2021
310
How long will it take to get settlement from a company? 0
As-salam Alaikum,
My labor execution case number is {.....}. Al Adheed center asked me to get back after 21 days. More than 21 days are completed, but they are still asking me to wait till June 01.
It is still in process. I need to know how long will it take to get my settlement from the company?
Kindly advise me!
Thanks & Regards,
May 9, 2021
1029
What is the required notice period for the landlord to evict the tenant? 0
I recently purchased a property in Springs which is rented till September. I need legal advice on the procedure to send an eviction notice to my tenant as I need to occupy the property for personal use.
As far as I read in the RERA legislation Page 108-110, Article (25) - Section - 2, if the landlord wants to occupy the property for personal use, 90 days notice is sufficient.
But the tenant insists to have a 12-month notice. What are my options and is it possible to send a legal notice to the tenant to vacate the premises at the end of the rent contract?
Kindly advise
Jun 15, 2022
3712
How to claim compensation from a developer for delay in handover 0
Greetings,
The property was supposed to be delivered in June 2018 and is still not delivered. If they actually deliver by June 2021, what are my rights to the compensation?
At the time of purchase, it was a 50-50 payment plan. I paid the 50% at the time of purchase and in September 2019 they came back to me with an offer of a discount of 16% in the final settlement amount.
I accepted and paid the remaining amount as well. Therefore as of September 2019, I have paid 100% of the property value.
With all the financial challenges the delay has brought me into, I want to know what compensation is my right as I am assuming they will not be offering anything or if they do they might offer some waiver in service charges (for 1 or 2 years).
And I am worried if they give this waiver of service charges to everyone, will the property be actually taken care of or no?
Apr 11, 2021
1274
Would a promotion offered with less salary be considered constructive dismissal? 0
Hello,
I am originally from the UK and relocated to Dubai in 2004 when my company established a new office.
I originally joined the same company in 2001, based in the London office. Since then, I have grown with the organization and am in a middle management role.
Recently, the company announced they would downsize the Dubai office, and affected staff would be offered to relocate back to an office in their home country (India) or to the new office being established in Spain.
I have been advised that my present role will be made redundant in Dubai but have been offered a new role in Spain. The new role is seen as a promotion but there are little to no benefits and it's a major drop in salary (basic salary would drop by 40%).
There are no additional allowances. Currently, I receive basic salary + allowances.
I have been in the UAE since 2004 and my options appear to be limited to accept redundancy or a new role with a significant drop in salary. Would this be considered constructive dismissal?
Apr 5, 2021
583
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