Q: Hello, I have a question related to business. I have set up a business in the UAE (Flexi desk in Free Zone). The business activity is E-Commerce. I have registered the business and obtained a UAE Investor Visa, but when it came to opening a bank account, I faced a lot of difficulties. While I was waiting for the opening of a bank account (which took me 4 months and the banker has failed to open a bank account), I have opened a merchant account with Telr. I started accepting payments online from my customers and right now there's money in the merchant account which can be withdrawn to a UAE business bank account (as I have mentioned earlier, I don't have a UAE business bank account). So I have contacted them and asked if they can transfer the money to my personal bank account which is outside the UAE (US bank account or my Russian bank account). They have stated that they can't settle funds to the bank account outside the UAE due to UAE CB rules. Can you suggest me please what I can do in this situation?

Q: In July 2016, I sent a big amount of money by telegraphic transfer within the UAE when I opened the account with UT market. The company shut down at the end of last year with all money invested. I have the Agreement with me and a copy of the Application for the telegraphic transfer. Any chance the money can be returned? Thank you, Mary

Q: Hi! I have a question about receiving money from a US business to a local UAE bank account. I sell products in the United States and I want to receive my income to UAE, do I need to have a work visa? Note: I don't sell in the UAE.

Q: Hello, I'm a resident in the UAE and sometimes I perform consulting services for companies abroad. Do I need to sign a contract between myself as an individual and the foreign company to get money for services to my personal bank account in the UAE? A company has already paid me for services. What documents do I need for the UAE bank?

Q: Hello, I would like to incorporate an LLC in the UAE, but it is unclear when the company will make profits. How can I withdraw money from my business account? In the US, that can be done via owner’s draw. Is this similar or does that work differently?

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?

Q: Dear Lawyers, I sent my employees' salaries through a UAE-based online app. After 11 days, they have not received their salaries, despite the app's claim that payments would be processed in one day. The app is refusing to return my money, and the recipients have not received their payments either. What legal options do I have against this company/app?

The provisions of this law, promulgating UAE Civil Code, govern the civil transactions in the United Arab Emirates. The commercial transactions remain subject to the laws and regulations applicable in their regard.

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.

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.

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.