Q: We are 3 friends planning to start a business. One is a sleeping partner as he is working with another company. So could you please suggest to me what kind of agreement I can make to add myself legally to the company?

Q: I am currently working in a company and I have saved enough money to start my own business, however, I fear that there might be some legal complications and high legal costs in establishing the company, Can you tell me the procedures of establishing a limited liability company and do I really need to hire a lawyer to do it or can I do it myself?

Q: Hello,I am a Syrian citizen living in Dubai for more than 13 years with valid resident visa and I would like to open a new LLC company in Dubai along with a local UAE sponsor (49% my share, 51% for the local sponsor). The company will offer and sell IT services/products (commercial license).I have the following questions:1 - Is it true that Syrians are mostly denied by DED due to security restrictions? Do you know any of your Syrian clients who received a license from DED recently? Are there any measures that I could take to improve my chances?2 - In case I had to issue a license under the UAE sponsor so he becomes 100% owner of my company (do I have another choice?) what are the legal steps that I should take to protect my rights? Would a strong power of attorney be sufficient?Thanks.

Q: Dear Sir/Madam, I am a golden visa holder and currently hold a work permit from a free zone company. I am planning to start my own free zone company. Is it possible for me to work for both companies? Do I need permission from my current employer to start my own company? Please advise!

Q: Hello, I hope this message finds you well! I am currently facing a situation that requires legal guidance, and I believe your expertise can provide valuable assistance. I have an ongoing labor case in the Dubai Courts, and the judgment is scheduled to be issued on 22nd Nov 2023. However, my visa expired in Aug 2023, and I am now in urgent need to cancel it as I plan to open my own business. Unfortunately, I have been grappling with this issue since 13th Sep 2023, and more than three months have passed without resolution. Could you please guide me on the necessary steps and procedures to cancel both my visa and labor contract? I am eager to initiate the process promptly to pave the way for the establishment of my new company. Your insights on where to get started and the specific steps to be taken would be immensely helpful. Thank you in advance for your time and assistance. I look forward to your guidance on this matter. Best Regards,

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.

An interview-format article covering the topic of the amendments to the company law in the UAE. This is from the legal podcast of lawyer Ludmila Yamalova, the founder of Lawgical with LYLAW.

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.