Questions & Answers
Questions & Answers
8 available 8 • View allRemoving a partner from the trade license due to being unreachable
26
Q: Partner Missing:
In our civil company, one of the legal partners, holding 25% share, is outside the country since May 2013 and is unreachable.
The local partner has 25% share and I (an ex-pat) have 50% share.
Is there any way through which we can remove him from the trade license?

Mar 21, 2021
4631
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
721
How to transfer the shares of a local partner to another
0
Q: We have a civil case against the company, is it possible to change the local partner holding 51% of shares as per the MOA?

Apr 12, 2018
581
How to cancel a trade license after business failure
3
Q: I hold a professional trade license with a 15% local partner. However, I have closed the company in early 2019 and have not renewed the trade license for the past two years.
The business was not good and hence I did not pay the sponsor fees for two and a half years. I want to close the company officially and also cancel all the visas linked to the company.
The local sponsor is not cooperating and he is asking for the past three years' sponsor fees, which I don't have. Please guide me on how to cancel and return to India without any legal hassle with the local sponsor.
Please advise!

Oct 27, 2019
1436
How to remove partners who are out of the UAE for more than 3 years?

1
Q: Dear sir/madam,
Hope you are doing well!
We need to remove our two partners in MOA and trade license (DED) because they are out of the UAE for more than 3 years.
We can't contact them by email or call. What is the solution?
I am waiting for your legal advice.


Dec 7, 2021
1045
How to remove a partner's name from the trade license in Dubai?
4
Q: Dear Madam,
How to remove a partner's name from the trade license in Dubai? Can you explain the procedures?
We are 4 equal partners. I hold the POA. Is it possible for me to remove the partners' names from the license?
Who all are required during the process, please explain. Thanks in advance. Regards, Shabbirali Kamal

Jun 28, 2022
1151
How to implement a verbal agreement with a partner while he neglects it?

3
Q: Dear sir/madam,
I have a free zone company based in Sharjah, holding 51% shares and acting as a director, manager, and shareholder/partner. My partner who is holding 49% shares of the company is on the company's visa, as well as myself.
When he bought the company shares from my previous partner, we had a verbal agreement that he will give cash to support the company, including paying for the renewal fees, etc, because I will be the only one running the company on daily basis.
Now he is neglecting the agreement and always making excuses. The company renewal is due very soon. Am I protected on this case as it was only a verbal agreement (not a notarized agreement)?
I do have WhatsApp messages that he agreed on giving some cash to the company (not in English though). What legal action can I take to push him to give the cash to support the company?
Can I take him out of the company and what is the step to do so?


Jul 24, 2022
236
Dismissal of embezzling partner in civil partnership: What is the process?

2
Q: Dear Sir/Madam,
I am a partner in a civil partnership, holding 33%, while the others hold 33% and 34% respectively.
We want to dismiss one of the partners as we have discovered that she has been embezzling accounts, treating staff unfairly, and withholding financial records.
What is the process to dismiss this person if she is not willing to resign?
Myself and one of the partners with 34% ownership are in agreement about the dismissal of the third partner.


Mar 25, 2023
80
Legal blog
3 available 3 • 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
Importance of Corporate Governance and its Basic Principles 13
It is the first article in a series of articles written by the author to give a better insight to the readers about the corporate governance practices under the best practice principles and the UAE legal system through innovative suggestions of its implementation for your organisation. Next series will be on the UAE regulatory framework on corporate governance.
Jun 26, 2019
3086
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
5876
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
29524

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Other answers by
177 177 answers •
View allHow to liquidate a free zone company after the death of one partner 0
I am a company owner In Shams free zone of 50 per cent share and have a partner visa. My partner was a Russian who went to Russia and died.
When I went to the free zone to cancel my visa and close the company, they have asked me to get his attested death certificate and NOC from his heirs.
The problem I am facing is his family doesn’t want to give the death certificate nor they want to give NOC. Now my resident visa validity is over and I am on fine every day.
Neither the free zone is cooperating nor the partner's family. What is the other way I can cancel my visa and close the company?
Can someone guide me, please?
Apr 19, 2021
684
How the objection of a client be dealt with after being notified for termination by DLD? 0
I have been notified by DLD that I am in breach of an off-plan sales agreement, and the developer wishes to terminate the agreement.
The date on the notice is March 9, 2021, and I received it from the developer on March 11, 2021. The notice says I have 30 days "from the date of being notified" to make the outstanding payment.
On the termination notice from DLD, a list of objections is present. One of the objections states that the developer must hand over the final SPA to me.
In this case, I have not received the final SPA from the developer. I made an objection in writing to the DLD pointing this fact out and sent it via email, and received a confirmation of the same from DLD by return e-mail on April 6, 2021.
30 days from March 9th is April 8th, or from March 11th is April 10th. Does the developer have to respond to my objection before the DLD will allow them to terminate the agreement?
In this case, will the time I have to make the payment be extended by any period?
Apr 19, 2021
1398
Opening a trustee with wife and signing a postnuptial agreement 0
I would like to open a trustee with my wife and sign a postnuptial agreement.
Apr 19, 2021
447
Closing a business while the local service agent is not reachable 0
Hi,
We have a professional services license (2 partners) + 1 local service agent registered with DED, Dubai.
The partners wish to close the business because of unavoidable circumstances. We wish to proceed with all the necessary paperwork for cancellation.
Unfortunately, the local service agent is not available. We have been trying to connect to him multiple times but have not been able to reach him.
The due date for the renewal of the company is coming up and we want to proceed with all the paperwork for cancellation prior to that.
Kindly advise us about the options if the local service agent is unavailable.
Apr 19, 2021
796
Returning to the UAE to run business after being convicted with a crime 0
Hi,
I want some information regarding my uncle. He was arrested in November 2015 and was in prison until 13 June 2016 when he was deported to Pakistan.
The reason for the arrest was that my uncle had his own business in Sharjah and he was involved in a case where his employee accused him of attacking him and other allegations. He was arrested and convicted.
He needs to reenter the country as he has his business in Sharjah but I believe he is blacklisted/banned. How can I find out if he is blacklisted/banned and how can it be removed to allow my uncle to reenter the country and take over his business?
Is there any way of helping to resolve this issue?
I know that if he enters on a visa, he could be arrested at the airport, and don’t want that to happen.
Thank you!
Apr 5, 2021
497
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