Q: Our company is registered in the UAE for the past three years, and now we want to expand our business by taking a loan or investment from a foreign company. What are the rules and regulations that keep both parties safe? Please provide us with accurate information to be safe from any future problems.

Q: Hi, We are a startup in Canada. Our business is online food ordering system that connects customers to restaurants. We receive payments from customers, restaurants and at the same time we pay back money to restaurants. We are planning to operate in Dubai. Questions: 1 - Do we need to set up a company in Dubai to have a legal agreement with the restaurants or, our Canada branch is allowed to do that kind of legal agreement with local restaurants in Dubai? 2 - Are we allowed (as Canadian Company with Canadian Bank Account), to operate in Dubai, receive and send money from/to restaurants and customers? 3 - In case setting up a company in Dubai is mandatory, in which free zone can we set up the company? DIC, Sharjah, or Fujairah, knowing that we don't have physical delivery inside Dubai? 4 - In case setting a company in Dubai is not required, which court (Canada/UAE) will be in charge of the agreement? 5 - Do you have a lawyer who is specialized in writing online startup contracts?

Q: IS THIS TOPIC FAMILIAR TO YOU ? 1) A company from the UAE has a subsidiary abroad (100% of the shares). 2) The subsidiary would like to contract an investment loan and the bank is asking for a surety contract issued by the mother company. 3) A legal opinion is necessary to basically present: 3.1) Which conditions the surety contract should comply with in order for the surety contract to be valid and enforceable? 3.2) If any limitation (territorial, financial limit, time to claim, competences, signing procedure that has been followed, or any other, etc) is present in respect of a surety contract assumed by a company from the UAE toward a foreign bank while supporting its subsidiary from abroad. 3.3) What is the legal procedure that applies when enforcing a surety contract that is a related to a subsidiary from abroad (actions / estimated cost / estimated time)?

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.

This article intends to give a brief idea of corporate crime, how it happens in the corporate world, the relevance of choosing the right legal action and mechanism.

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.

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.