Questions & Answers
Questions & Answers
7 available 7 • View allWhat kind of agreements do you need to set up a company?


1
Q: We are 3 friends planning to start a business. One is a sleeping partner as he is working with another company.
So could you please suggest to me what kind of agreement I can make to add myself legally to the company?



Dec 21, 2021
329
What are the legal documents required for investment as a silent partner?
1
Q: In Dubai, what are the legal documents required for investment as a silent partner for protecting capital and ROI?

Feb 8, 2022
399
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
243
إثبات صورية شراكة كفيل إماراتي


1
س: السلام عليكم،
نحن شركة ذات مسؤولية محدودة ولدينا كفيل إماراتي صوري، ولكن بالرخصة التجارية هو شريك. هذا الكفيل صاحب أخلاق عالية ولا خوف منه ويعرف نفسه بأنه ليس بشريك فعلي.
السؤال: إذا، لا سمح الله، توفي فقد نخوض مشاكل قانونية مع عائلته، فما الحل القانوني الذي يمكن أن ننجزه معه الآن ضمانًا لحقوقنا مستقبلاً؟



Aug 16, 2022
471
How to notarize and legalize a sole establishment partnership in Dubai?


2
Q: Dear Sir/Madam,
I am planning to be a partner in a sole establishment license in Dubai mainland.
Is it possible to have the agreement of partners for a sole establishment notarized?
Can I legalize my partnership and payment?



Jun 20, 2023
125
Obtaining a copy of the partnership agreement and canceling a blocked partner visa




1
Q: Good day,
I would like to know where I can get a copy of the partnership agreement, as the acting partner/manager has not provided us with one. He has all the access.
Additionally, how can I cancel my partner visa? I hold a 49% share, another lady also holds 49%, and the acting partner/manager holds 2%. The trade license expired three years ago, in 2022.
I went to Amer, and they said they can’t cancel the card because it is blocked. My grace period already finished on August 18, 2024, and I have incurred fines.
I met with a local agent, and she asked for 3000 AED from each of us two partners to cancel the visa. As of now, I only want to cancel my visa and work peacefully for the company.
Thank you!





Aug 23, 2024
200
How to formalize a verbal agreement into a legal document in the UAE?




1
Q: Dear Lawyers,
Is there any legal option available in the UAE for two persons with a verbal agreement to formalize it in a legal document for assurance?





+4
Nov 22, 2024
66
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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.
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Local Partner Share contribution in the UAE: What You Need to Know 65
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Laws & Regulations
2 available 2 • 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
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Federal Law No. (10) of 1992 On Evidence in Civil and Commercial Transactions 14
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Other answers by
157 157 answers •
View allكيف يمكن لشركة ذات مسؤولية محدودة أن تعلن إفلاسها؟ 0
كيف يمكن لشركة ذات مسؤولية محدودة أن تعلن إفلاسها؟
Feb 3, 2022
1724
Can the new owner of an apartment increase my rent if it is against RERA Index? 0
Hi
I'm a tenant of an apartment and a new owner has purchased the apartment. I would like to know:
1. Should I revise the Ejari by canceling the previous one and applying for a new one?
2. My current rent is 35% less than the current market value. Can the new owner change the rent as per the market value, or he still has to follow the RERA Index calculator for a new contract?
Nov 19, 2023
109
I agreed with my landlord to increase the rent 10% I pay in cash. Should I insist on changing the contract? 0
I'm staying in JLT in a house with a rent of AED 140,000 per year. The lease starts on 1st Sep '23 and expires on 31st Aug '24.
The landlord sent me a legal notice from the Dubai Courts in mid-Sep '23, giving me 1-year notice to vacate the house as he plans to sell the house. The notice was received by me through email from the court.
He claims the email notice sent by the court is not valid till I receive it by courier via Aramex for my physical signature. Can you please confirm if this is true?
The landlord is now ready to let me stay in this house for two more years. He has proposed that we maintain the existing lease agreement and Ejari. However, I should pay him AED 14,000 in cash (10% increment).
We will sign a separate paper document wherein we will agree that I will further rent increase of 10% (10% on (140,000+14,000)) on 1st Sep'24 when my current lease expires.
Should I insist on making a fresh written contract with the higher rent (140,000+14,000=154,000)?
Nov 18, 2023
137
Is it possible to terminate a labor contract before the end of the two-year term? 0
Hello.
I have been with my employer for 15 months, and my employment contract is for two years.
Is it possible to terminate the contract before the end of the two-year term?
Nov 24, 2023
126
I have signed Form F and got the mortgage but the seller is in breach. What to do? 0
Hi
I have signed the MOU Form F since July 2023 and we prepared all the papers and the loan from my end on 23/8/2023.
When I went to DLD for the transfer, the seller had registration issues and asked for some papers to be provided as the property is under the company not an individual.
Since that time, we have kept renewing the MOU every month in the hope of finalizing but I am not seeing any progress.
So I am asking about legal action as I already got a bank mortgage and started paying as well but not seeing any progress from the seller.
So I need to ask the following:
1. If my MOU expired on 20.11.2023, can I file a complaint on 20 or after a couple of days like 23?
2. What will happen in terms of 10%? Will it be returned and what about the fees paid to the bank like mortgage fees, evaluation, and cancellation of loan? Will the EMI payment be compensated by the seller?
3. What is your advice?
Thanks
Nov 16, 2023
895
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