Questions & Answers
Questions & Answers
5 available 5 • View allThe requirement of Emirati shareholding in an LLC Company 
1
Q: Dear Miss Raluca Gatina,
We are planning to set up an LLC in Abu Dhabi. The new company shall have four Saudi nationals as shareholders - together holding 85% shares and a UAE citizen - holding the remaining 15%.
We were told by some friends in the UAE that it is mandatory for an LLC to have an Emirati citizen or a legal entity as a majority shareholder holding not less than 51% of the shares.
This requirement is for licensing and company registration purpose only while we could have a side agreement as shareholders reflecting the actual shareholding structure.
I will be grateful for your advice.
Kind regards,
P. W.

Mar 20, 2019
540
The requirement of Emirati partner in LLC with GCC nationals
0
Q: I'm a Pakistani national and my wife is a Bahraini citizen.
We have one company in the UAE and my wife is the owner of that company. We didn't take any sponsorship.
My question is if we will take any partner in our company, shall we need local Emirati sponsor or not?

Feb 7, 2019
665
Is it mandatory to have an Emirati partner to establish a mainland LLC company?


1
Q: Hello there,
I want to open an LLC company in Abu Dhabi with 2 GCC nationals (each one of them with 50% shares) among 2 GCC.
I want to make one person from the GCC a manager as well. Is it possible?
Is it allowed to open LLC company without UAE local partner?



May 26, 2021
340
Are company shareholders exempted from WPS registration in DMCC?

0
Q: Hi All,
Can someone please advise if shareholders are exempted from WPS registration in DMCC?
Our business owner is listed as an employee with the visa title of sales executive, but his name is mentioned on the license.
However, he doesn't receive any salary and doesn't reside in the UAE but only visits the UAE occasionally.
Thank You in advance.


Dec 29, 2023
185
What are the benefits that the Emirati citizen receives when working in the private sector?


1
Q: What are the benefits that the Emirati citizen receives when working in the private sector?



Jun 25, 2024
234
Legal blog
3 available 3 • View allAn Overview of the Legal Framework for Entrepreneurs in the UAE 4
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
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Recent Amendments of the Laws in the UAE 4
An interview-format article covering the topic of the new amendments to the laws in the UAE. This is from the legal podcast of lawyer Ludmila Yamalova, the founder of Lawgical with LYLAW.
Feb 3, 2021
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أهم التحديثات في قانون العمل لعام 2024: ما تحتاج الشركات لمعرفته 0
تماشياً مع ظروف سوق العمل واستجابة للمتغيرات المستجدة، تم إدخال بعض التحديثات على العلاقات العمالية التي تؤثر إيجاباً على الشركات وأصحاب العمل. هذه التغييرات تهدف إلى تحسين بيئة العمل وحماية حقوق العمال. سنستعرض هنا بلمحة موجزة أبرز هذه التحديثات وما تعنيه للشركات.
Jul 31, 2024
200
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
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Respected Advisors,
I have been involved in a few criminal cases since 2017, but all of them were cleared by this year. I have obtained release letters for all the cases from the public prosecution office through an online portal.
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