Questions & Answers
Questions & Answers
4 available 4 • View allAssistance with the side agreement while establishing an LLC




1
Q: Hi,
I'm starting a food import company in mainland UAE where my Emirati partner (a close friend) will have 20% and I will have 80%.
We're gonna take care of the company creation in DED and trade license application.
At which stage are we supposed to draft the ''side agreement'' and sign the power of attorney?
Can we create a company where I will have 49% of the shares and register it with DED and then draft the side agreement (80% - 20%) and power of attorney in a second step?
Thank you





Apr 20, 2020
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Q: Hi Mam,
What is the importance of side/investment agreement for a civil company?

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Can I start a new company aside my failing partnership business without being sued for competition?


1
Q: I currently have a company in the UAE with my partner.
My partner hasn't been working or contributing to the company for the past year and is very difficult to deal with.
I'm no longer able to work with him - my option is to start another similar company on the side, as dissolving the existing company or selling/buying each other's shares doesn't seem viable.
Am I able to start another company in the same line of business on the side, without any risk of a civil case?
Please note that We don't have any NDA or NOC agreement signed between us, and the MOU has no clause about non-competition.



Mar 21, 2024
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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.
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مغربي يريد الزواج مرة ثانية في الإمارات. هل يُطبَّق القانون المغربي الذي يشترط موافقة الزوجة الأولى؟ 0
السلام عليكم،
أنا مغربي وزوجتي مغربية، نقيم في الشارقة. أريد أن أتزوج امرأة ثانية مغربية. تجب موافقة الزوجة الأولى على التعدُّد في القانون المغربي.
هل يُطبَّق هذا القانون عليّ إن تم الزواج في الإمارات؟
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عامل ترك العمل نتيجة سؤال التحريات عنه، ولا يوجد مكان له نعلمه، وتغيب لمدة أسبوع. ماذا نفعل؟
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