Q: We started a company in 2011 in JLT Dubai with X and Y as shareholders registered in the Memorandum of Association "MoA". The MoA and trade license confirm me as a manager and authorised signatory. In 2015, shareholder X gave me a letter signed by him on company letterhead, granting me 15% of the company shares. Q 1. Is this adequate to protect my interests? Q 2. I would like to get this letter notarized. Will this help my case further? What documents are required for this?

Q: Hello, I am looking for the sponsor change of LLC company, may I know what are the procedures? The license will expire on 31st June.

Q: I am an expat who purchased a sole proprietorship training company in Dubai onshore. I would like it to be owned by a Holding company outside of the UAE. Can the Holding own such a company or do I have to change its legal form to something else? And, would that form force me to have lower % ownership? Thank you.

Q: Hello, I am looking for legal help to shut down a partnership in Dubai or to somehow cancel my share in the partnership. I am a minority partner and I no longer want to be in the partnership due to questionable activities of the other partner.

Q: I wish to part ways with my business partner in a free company in Dubai. The business is profitable. There is no breach of law. We just do work together and I want to offer my partner an exit from the LLC. I am the appointed business director. I manage the business personally. On grounds of incompetence and personal differences, I wish to offer her a sum and get the partnership solved. What are my options and how does one evaluate the share to be dissolved fairly. Like is there a formula such as a multiple of net profits to be offered? Thank you!

Q: Hello I’m a business partner who just decided to exit the partnership with three more partners. It’s a recruitment agency. I want to know what is the best right way of getting my share from the business in terms of the company’s valuation and current billing.

Q: Dear sir/madam, We have a small software services business (100% LLC owned). We want to transfer the complete ownership to a foreign LLC (based in Delaware, USA). Can you please provide guidance on steps, documents, etc.? We would like to continue the business activities in the UAE without any changes.

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.