Questions & Answers
Questions & Answers
6 available 6 • View allProcedures to exit partnership in Dubai companies and get your share
2
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!

Aug 24, 2019
1453
Changing the partner with majority of shares in an LLC
0
Q: Hello,
We currently have a sponsor who holds 51 per cent of the company. However, he's charging us too high for every renewal.
Is it possible for us to change the sponsor? In case he does not agree, what could be the possible solution?

Oct 25, 2018
423
How to exit a partnership and get your share from the investment?
2
Q: Hello
I’m a business partner who just decided to exit the partnership with three more partners. It’s a recruitment agency.
I want to know what is the best right way of getting my share from the business in terms of the company’s valuation and current billing.

Apr 29, 2021
787
Want to exit company but manager/partner does not support. What can be done?

2
Q: Dear Sir/Madam,
Want to exit company but manager/partner doesn't support.
What can be done?


Mar 18, 2024
87
How to exit an LLC partnership when other partners disagree?



2
Q: Dear Sir/Madam,
How to exit a partnership when the other two partners are not accepting my exit?
It’s an LLC company in Dubai mainland, and my share is 33 percent.




Mar 20, 2024
349
How can I exit a partnership and reclaim my investment from an LLC company?




1
Q: Dear Sir/Madam,
I hold a 33 percent share in an LLC Company.
I want to exit from the partnership as I don’t want to work with other partners due to their misuse of company funds.
I want to take my investment and profit up to the current date.





+2
Jun 12, 2024
149
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
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Online POA and Other Notary Public Services in the UAE 28
With the introduction of the new procedures for obtaining a power of attorney (POA) remotely in the UAE, after it was mandatory to appear in person in front of the notary public as a global rule to ensure the identity and intention of the person requesting a POA, we put between your hands this brief guide for how you get it done.
Jun 8, 2021
19176
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
29527

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
1719
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
108
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
134
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
124
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
889

Other answers by
20 20 answers •
View allHow to sue a stocks trading company and claim back invested money 0
Hi Lawyers,
A lot of people had invested in a Forex trading company based in the UAE.
Do we need to get a lawyer to file a case or can we report it to the police station to summon the party involved so they can settle and refund our money back?
Please help us.
Thank you!
Dec 21, 2021
1289
Transferring the employees to a new company without paying the gratuity 0
Hi,
My company in DMCC is planning to shut down. They are not willing to pay us the gratuity.
They have offered the remaining staff, including me, to be transferred to a new company they are opening soon.
Is there any way we can get a continuation of the contract in order not to lose our gratuity in the long run?
We have all been in the company for more than 8 years now.
Many thanks,
Nov 10, 2021
707
A rented premises is sealed by the court. How can the landlord get it back? 0
We have an enforcement order against our company due to a commercial case in Dubai courts filed by one of our creditors and the office is sealed by the court.
The Ejari for the office has expired, in the meanwhile, the real estate is asking me to hand over the office or face another rental case as we are still liable for the rent.
The civil case matter is involving a large sum of money which the company is not in a position to pay right now but does not want to be liable for another court case.
Is there a way for the landlord to get their premises back?
How long would the court keep the premises sealed until their next step?
Oct 19, 2021
664
How to reduce a jail sentence judgment for smoking weed to a fine? 0
Why is the sentence for smoking weed fine and deportation in Dubai while it's two years and deportation in Abu Dhabi?
Can the sentence be appealed and reduced?
How can we get the name of the accused on the pardon list?
Sep 1, 2021
785
The rights of an employee upon resignation due to salary delay for 8 months 0
My friend was working in a Hamriyah Free Zone company for two years.
His contract expiry date is 13th Aug 2021. He has requested not to renew his contract further as his company has not paid his salary for 8 months.
Aug 11, 2021
421

Premium
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451 451 answers •
View allAre there any restrictions on a diplomat buying property in the UAE? 0
Hello,
Is there any restriction on a diplomat buying property in the UAE, where he works as a diplomat at his country's consulate?
Feb 20, 2025
71
If someone has a case in the UAE, can they travel to another GCC country? 0
Hi.
One of my friends joined a Telegram group. They said, "We will transfer some amount to your account, and your task is to transfer this amount to another account. Once the task is completed, you will get 30 or 50 AED per task."
He completed 3 to 4 tasks, but he realized it was not good, so he stopped. After one week, when he opened his account, it was blocked, and the bank said, "We are conducting an investigation; after this, we will let you know."
After some days, he had an accident and went to his home country. He then received a call from a landline number, which was from the Abu Dhabi police station.
They said, "We have received a complaint against you; come to our investigation department." However, due to his surgery and treatment, he could not go.
After some time, his bank account was reopened, and he did not receive any further calls. I want to know, if he comes back to the UAE or goes to any other GCC country, will he face any problems?
If someone has a case in the UAE, can they travel to another GCC country?
Please advise!
Feb 17, 2025
136
What can I do if my employer refuses to pay me and I have no contract? 0
Hello,
What legal action can I take in case the employer refuses to pay my salary and I don't have a contract with them?
Feb 18, 2025
123
I want to open an online shop. Do I need a license to open an Etsy shop? 0
I currently live in Sharjah and have a UAE residence visa but I am not a UAE or GCC national. I want to open an online shop (Etsy or Shopify) to sell handmade items, such as crocheted goods, bookmarks, greeting cards, etc.
Do I need a license to open an Etsy shop?
If so, which license do I need to sell my products online, including UAE and worldwide?
How much would it cost me?
Can I keep my residence visa (sponsored by my father) and not change it?
Feb 14, 2025
119
How can we locate a person with an ongoing legal case? 0
Hello,
I am seeking your legal advice regarding a friend who was previously imprisoned in Abu Dhabi. His case there is now closed, but he has another ongoing case in Dubai.
Currently, we have lost contact with him and are unsure of his whereabouts. How can we check where he is or access any other legal facility?
Are there legal procedures to locate a person with an ongoing case?
What steps should we take to get more information about his status and legal position?
Feb 11, 2025
144
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