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Can a minor partner remove his name from the license?

Hello,

I need to shut down my partnership in Dubai. I am a minor partner in it with 10% of ownership.

The major holder was not located in the UAE so without his approval, can I remove my name from the license?

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Eman Al Ali Advocates & Legal Consultants
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3 Nov 2021, 19:26

Yes, your name can be removed from the license. The partner is removed by a court decision.

For help, kindly contact us via phone.

Ahmed Mohammed Bashir Advocates & Legal Consultancy
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4 Nov 2021, 05:41

Dear questioner,

If the major holder does not wish to buy your share, then we suggest that you find someone who would buy it and inform the major holder of your wish to sell your share and that you had found someone who would buy your share.

For more information, please contact us through phone call or Whatsapp.

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Nasser Yousuf AlKhamis Advocates & Legal Consultants
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4 Nov 2021, 06:28

Dear questioner,

You need to file a suit in court and obtain an order to remove your name from the partnership.

You can contact us via phone to discuss this matter in detail.

Regards,

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