Questions & Answers
Questions & Answers
3 available 3 • View allHow to structure LLC company to protect your investment
Q: I am in the process of setting up an LLC for tailoring shop. Is there a standard MoA in place or can I make amendments to it?
If tomorrow I have a conflict with my partner and want to change him, what is the recourse and what kind of timelines and cost am I looking at?
What are the things I should get included in the MoA to protect my investment and allow me the flexibility to change a partner with minimum damages?
Oct 23, 2017
2148
Setting up a branch of a foreign company or new LLC
Q: Good afternoon,
We are a Spanish company looking for a law firm which can help us in setting up our branch or LLC. Can you help us?
Thanks in advance
Feb 5, 2019
2606
Limited liability company set up
Q: How to establish an LLC company in the Emirate of Dubai?
Oct 11, 2016
1126
Legal blog
3 available 3 • View allAn Overview of the Legal Framework for Entrepreneurs in the UAE
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.
Mar 14, 2017
6318
Legal Aspects of Company Incorporations in the UAE
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.
Nov 1, 2016
3641
100% Foreign Ownership of Companies in the UAE
The UAE government has announced important changes to the federal Commercial Companies Law, the most significant is related to the foreign ownership of mainland companies. This will grant foreign investors the full ownership of share capital in companies carrying out certain activities specified to that effect by the competent authorities. This means that foreign investors’ shares will not be limited anymore to a maximum of 49% like before, but can be up to 100% instead.
Jun 13, 2021
3100
Laws & Regulations
1 available 1 • View allFederal Law No. (2) of 2015 On Commercial Companies
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.
Mar 25, 2015
29527
Other answers by
7 7 answers •
View allHow to transfer funds from a bank account in Dubai to Canada?
I am a Canadian living in Toronto and require advice concerning an account that I have in Dubai.
Mar 17, 2022
282
The rights of a Jafza employee in case of termination during the probation period
A Jafza employee is on probation and has not completed his notice period. He is asked to leave without completion of the probation period.
The offer letter specifies that either party may leave on a single-day notice. To support the employee as per Jafza rules, will the employee qualify for any notice period pay + claim on leave credit?
The employee will not have any job in hand, in this case, how does the Jafza law protect the employee?
Oct 24, 2021
2013
Checking the authenticity of a job offer
I received an employment contract from an oil company in the UAE and they said to contact a travel agency.
Please, how to check whether it's fraud or not sir?
May 26, 2019
1037
Travel ban and arrest warrant check before returning to the UAE
Good afternoon,
I need a legal advice:
I have an unsettled bank debt in the UAE. I have lost my job in 2017 and I was not able to pay my instalments.
After discussing with the bank, the bank agreed not to initiate any legal action against my liabilities, in order to return to the UAE to search for a job.
I got a police clearance certifying that I’m of good conduct.
My question is :
Does this clearance guarantee that there is no arrest warrant /travel ban against me?
Note: it is mentioned on the clearance: "the department is not responsible for legal rights of others".
What does it mean?
Appreciate your response!
Thank you!
Jun 28, 2018
2497
Legal opinion on the requirements of applying to a corporate loan
CASE PRESENTATION
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)?
Jun 6, 2018
654
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