Q: Our local Emirati partner who owns 51% passed away 2 years back. He didn't invest any money. We pay every year sponsoring fees. How to get rid of this issue? A: Provide any side agreement. I believe your concern is now related to the dissolution of the company and the distribution of assets…

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How to change the company status when the Emirati partner passes away?

Our local Emirati partner who owns 51% passed away 2 years back.

He didn't invest any money however we pay every year sponsoring fees.

How to get rid of this issue?

Momentum Legal & Management Consultancy

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10 Feb 2022, 19:10

Please contact us and provide any side agreement.

I believe your concern is now related to the dissolution of the company and the distribution of assets.

Sayed Abdalla

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