Q: I own 1% of shares and my partner owns 99% in a Dubai Freezone company. I assigned as a managing director as well. Due to many reasons, I want to leave the company. What would be my steps?

Q: I am a shareholder in an LLC DED company in the UAE. We are 3 shareholders. I would like to transfer/sell my shares to an existing shareholder in the company. However, the third shareholder refuses to sign on any documents regarding the transfer. Is this applicable? What could be done and what is the appropriate procedure?

Q: Hi, We have created a business under LLC with a local partner. It's been two months into preparations and approximately one month ago, the partner backed out of the agreement and requested her money back of investment. Since the date of this request, she has gone on to ignore us and prior to this request it led to every action of ours has been ignored. She accepted the terms of backing out and her payment via a post-dated cheque yet the partner has continued to ignore us yet again. Now my wife and children's visa and health insurance rely on this and the current visa is due to run out. How do I confront this?

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

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.

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.

Q: Hi, I’m one of three partners in a family business, where a father holds 50%, and two siblings hold 25% each, with 0% for the service provider. Does the service provider have any claims on the company if something happens to one of the partners? I’m currently the guarantor for a loan, and I have authority over vehicle sales and purchases. What are my rights to withdraw from the partnership? How can I do it legally without causing any liabilities for myself? Can the other partner take over as loan guarantor instead of me? What are the procedures? My father has authorized the siblings as dual signatories for bank cheques, but the bank has not yet approved this. Can I withdraw from the partnership before the approval is finalized? Please advise on the rights of a partner when withdrawing from a partnership.

Q: Hello, My partner voluntarily withdrew from our company which we established in Dubai, United Arab Emirates. We established this company on July 1, 2024. Until now, there is no income or revenue. What is the legality?

Sometimes this seems very simple to incorporate a company in the UAE, however, investors must seek professional advice before taking this important business decision to avoid any future legal implications.

For entrepreneurs seeking to set up their business in the mainland jurisdiction of the UAE, this is a useful guide to know your rights and obligations.

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.