Questions & Answers
Questions & Answers
7 available 7 • View allChanging of local sponsor for a new LLC company
16
Q: Hi, I have recently started setting up a business (LLC) in Dubai and I have got an MOA already from Dubai Court signed by my local sponsor and myself. At this time of writing, I have waited a month already for my office "legal" Ejari which the PRO said he would arrange for some amount of money but not having a physical office in fact.
I am really confused now why it isn't done yet until now, which as far as I know should not take that long. In fact, I have met the local sponsor without the knowledge of his PRO, gave him AED 2,000 as per his demand and promised he could expedite the process and would do it by himself. Now, the local sponsor is no longer picking my calls.
Question: can I amend my application with another sponsor? I have paid him AED 5,500 as sponsor's fee for 1 year, can I still take that money back?

Mar 10, 2017
15934
How to change the local partner upon the request of a set up LLC buyer
0
Q: Hi,
I have a one-year-old LLC license which is established through a business set up company.
Now, due to some financial issues, I am selling my company. I have a ready buyer for this but he didn't want to keep the existing sponsor.
On the other hand, the existing business set up company does not agree to transfer the sponsor and willing to keep the sponsor who belongs to them only.
Please advise what I can do legally in this case.
Thanks
AS

Mar 6, 2018
973
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
590
The procedure of changing the local partner of a company
0
Q: Hi,
We are in the process of renewing our license. However, we want to change our old local sponsor. May I know what's the process?
Thank you.

Aug 27, 2018
980
Assistance with changing the local sponsor 
0
Q: Hi,
I am the sole proprietor of my business running for 17 years, however, I decided to change my local sponsor.
I have cancelled her name in the court and done the necessary, however, before I could change to the new sponsor, I misplaced the documents given to me by the court.
What can be done now to change the sponsor, since I need to renew my trade license?

Sep 5, 2018
947
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
433
Sponsor demanding more money to allow company closure
0
Q: My brother has a contracting company (LLC) made in 2014. Now he doesn't have money and wants to cancel the company.
The local sponsor is a girl (whom my brother never met) dealing on behalf of her husband, he is from Pakistan. As per the MOA, the sponsor is eligible to take sponsorship only for one year (2014).
He forcefully took money from my brother for 2015 & 2016 which is not due and requested my brother to issue one visa for his cousin.
But later on, my brother knew that he sold the visa for 15k & he again asked him to issue another visa but my brother refused. Since then, that person is making drama, mental torture & ruin his company.
He didn't give a labour card to my brother for an employee to make him an absconder & get cancelled. He even called the employee to make a court case against the company.
Now, we called him to come to sign on cancelling the company but he is illegally asking for the remaining years of sponsorship.
My brother told him he inquired at the economic dept. and the local is eligible only for one-year sponsorship which is already taken & the money of sold visa will adjust the 15k.

Jul 3, 2019
575
Legal blog
1 available 1 • View all100% Foreign Ownership of Companies in the UAE 12
The UAE government has announced important changes to the federal Commercial Companies Law, the most significant is related to the foreign ownership of mainland companies. This will grant foreign investors the full ownership of share capital in companies carrying out certain activities specified to that effect by the competent authorities. This means that foreign investors’ shares will not be limited anymore to a maximum of 49% like before, but can be up to 100% instead.
Jun 13, 2021
3115
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
29548

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Other answers by
240 240 answers •
View allHow to change the lease contract for an entity that changed from sole establishment to LLC? 0
Good morning.
Kindly help me out with the below query:
If a sole establishment is converted into an LLC, what would happen to the existing Lease Agreement with the Sole Establishment as the tenant?
Thank you.
Aug 23, 2024
126
Bank filed a civil case over a loan: Better to settle with the bank or in court? 0
Good day, Sir,
I have received a message from the Dubai Court stating that a bank has filed a civil case against me. The loan has been pending since February 2019.
I cleared the cheque bounce case earlier with a court fine in 2019. I am looking forward to a minimum settlement plan with the bank. The outstanding amount was around 70,000 AED, and now the message is for 115,000 AED.
What will be the best way for me to proceed: approaching the bank or dealing with it in court?
Best regards,
Jul 7, 2024
535
Is it legal for my employer to withhold my salary until I leave the country or change status? 0
Hello,
I have given my notice, and my last day is July 24, but the employer is refusing to pay my salary; even the salary for June. Is this even legal?
He claims I'll get everything at once, which is after leaving the country or changing status.
Jul 2, 2024
551
Demanding that an employee pay for visa charges a year after resigning 0
Dear Lawyers,
I worked at a bakeshop here in Dubai. I resigned exactly one year ago. Now they want me to pay for visa charges, as stated in the offer letter.
If I cannot pay for the charges, my employer will claim financial loss due to the damages, estimated to be at least 7,000 AED.
What should I do about this? My monthly salary is only 2,800 AED.
Jul 1, 2024
129
Is an employee eligible for maternity leave in the first three months of pregnancy? 0
Dear Lawyers,
Is an employee eligible for maternity leave in the first three months of pregnancy?
If an employee takes sick leave in the first three months of pregnancy, can it be considered normal sick leave or maternity leave?
Jul 1, 2024
183
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