Q: I wish to part ways with my business partner in a free company in Dubai. The business is profitable. There is no breach of law. We just do work together and I want to offer my partner an exit from the LLC. I am the appointed business director. I manage the business personally. On grounds of incompetence and personal differences, I wish to offer her a sum and get the partnership solved. What are my options and how does one evaluate the share to be dissolved fairly. Like is there a formula such as a multiple of net profits to be offered? Thank you!

Q: Process/Steps and Documents required to complete simple share transfer between minority shareholders in an LLC ( Shop)?

Q: Is it necessary for all the partners and owners to be in the country if one of them wants to cancel his share?

Q: Dear sir/madam, How does a partner exit a TECOM LLC partnership on mutually agreeable terms and what is financially due to the partner exiting the business?

س: السلام عليكم، أنا مدير وشريك بنسبة ٢٠% في شركة ذات مسؤولية محدودة. الشركة متعثرة ماليًا بسبب عدم تحصيل مستحقاتها ووجود أحكام قضائية ضدها وشيكات مرتجعة. الشركاء يرفضون عزلي على الرغم من تقديم استقالتي ويرفضون إفلاسها. ما المسؤولية القانونية؟ وكيف أخرج من الشركة بدون عواقب قانونية؟

س: السلام عليكم، قدمت إخطار تخارج لشريكي في الشركة ذات المسؤولية المحدودة، وبعدها رفع شريكي دعوى بوجود منازعات قائمة على المشروع، ولكن المحكمة رفضت الدعوى. هل يمكنني بيع الحصة الخاصة بي؟ علمًا بأنه مضى على الإخطار الذي أرسلته للتخارج 30 يومًا.

س: السلام عليكم، أنا شريك ومدير في شركة ذات مسؤولية محدودة وأريد التخارج من الشركة وبيع حصتي فيها أو التنازل عنها. قدمت إخطارًا للشريك أنني أريد الخروج من الشركة بناءً على المادة رقم 80 من القانون الاتحادي رقم 2 بشأن الشركات التجارية والذي ينص على أنه: "إذا أراد الشريك الخروج بالبيع أو بالتنازل، يجب عليه إخطار الشريك عن طريق المدير، وإذا لم يطلب حقة بالاسترداد خلال مدة 30 يومًا، يكون الشريك حرًا بالتصرف". قدمت الإخطار ومضى عليه أكثر من 4 أشهر. السؤال: ما الخطوة القادمة لكي أستطيع إتمام عملية البيع؟ أين يمكنني الذهاب لإتمام البيع أو التنازل؟ وما الإجراءات التي يمكنني اتخاذها؟ أريد نصيحة منكم.

Q: Good Day! I am a partner in a trading license with two other individuals. Both of them were managing the business together as a cash-based operation without a bank account, while I was working elsewhere as an employee. Now, one of the partners has passed away, and his parents are in conflict with the remaining partner, claiming he owes them money. However, the surviving partner insists that no money is owed and that everything is settled. The license has now expired and cannot be renewed because the deceased partner’s family is not cooperating, leading to fines due to the inability to renew it. Additionally, the remaining partner continues to conduct the same business, occasionally purchasing items under the company name. As I am a low-salaried individual and cannot afford court fees, is there a way to remove myself from this situation, or are there any authorities who can assist me in this matter? I am willing to help and provide whatever is required as evidence in this case. Please advise!

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.

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.