Questions & Answers
Questions & Answers
4 available 4 • View allAssistance with changing the local sponsor 
0
Q: Hi,
I am the sole proprietor of my business running for 17 years, however, I decided to change my local sponsor.
I have cancelled her name in the court and done the necessary, however, before I could change to the new sponsor, I misplaced the documents given to me by the court.
What can be done now to change the sponsor, since I need to renew my trade license?

Sep 5, 2018
975
Can I convert the local share contribution of a company to 100% foreign ownership?
0
Q: I am an Indian expatriate resident in Dubai and I have a mainland general trading LLC company with a 51% local sponsor (my partner visa is also on this company).
I want to convert it to 100% owned by me and my wife. An LSA agreement is not required in the case of an LLC company.
Can I still have an LSA agreement to protect the interest of the sponsor?
Alternatively, what if I give a 1% share to the sponsor, is this a kind of protection?
What happens if the sponsor dies?

Sep 7, 2021
445
Change of the local partner in a limited liability company
1
Q: Hi.
I have technical and cleaning services company and I had a local sponsor and had renewed my licence for 3 continuous years.
I have a new partner and he wants to local sponsorthe local sponsor because from the time we took from them they kept on taking money but not taking any approvals we had to wait so long to do every procedure.
We decided to change the sponsor, and at first, he agreed, but now he doesn’t want to let go of the company. I’m totally stuck with such hard work and I’m clueless how to change him.
I need some advice what would be the best solution for us.

Jul 5, 2018
1714
How to remove sponsor's name from a trade license after passing away?

2
Q: Dear sir/madam,
A local sponsor of an LLC company passed away and left three windows and fifteen children. They all are not appearing in court in order to sign NOC to remove the sponsor's name from the trade license.
Is there any alternative besides getting NOC from the local sponsor’s family?
DED is the licensing authority and sponsors hold Sharjah passports.


Aug 23, 2022
713
Legal blog
2 available 2 • View allLocal Partner Share contribution in the UAE: What You Need to Know 65
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.
Jan 26, 2020
17761
What Can I Do If I Have a Dispute With My Joint Shareholder? 5
An interview-format article covering the topic of shareholder disputes in the UAE and pre-emptive measure to be considered. This is from the legal podcast of lawyer Ludmila Yamalova, the founder of Lawgical with LYLAW.
Mar 24, 2020
5954
Laws & Regulations
1 available 1 • View allFederal Law No. (2) of 2015 On Commercial Companies 15
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
29596

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