Questions & Answers
Questions & Answers
4 available 4 • View allSetting up a tourist business in Dubai

0
Q: Hello!
What are the requirements, government expenses and lawyer fees for a foreigner to open a company in Dubai (and alternatively in one of the free zones)?
Are there any special licensing issues/expenses that we need to be made aware of if the main activity of the company is Tourism?


Feb 10, 2017
461
Starting business in the UAE
1
Q: How could I start Business in UAE? What is the shortest legal step to register a company?

May 14, 2017
546
Obtaining a license for airport car rental from mainland authorities
0
Q: I want to set up a car rental company at the airport in Dubai. The cars will be based there, but then drive around wherever the people will drive.
So, it could be mainland Dubai or other emirates. How do I set up in compliance with the laws?

Oct 14, 2017
245
The legal procedures of selling goods purchased from a shop
0
Q: Can I buy goods from one shop and sell them in my shop?

Apr 25, 2019
276
Legal blog
1 available 1 • 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
6319
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
29529

Other answers by
28 28 answers •
View allLegal requirements for starting business by a minor in the UAE 0
I am planning to start my business in retail. I am a 16-year-old Emirati national and I have full approval from my parents.
What legal requirements must I obtain and what laws should I follow?
May 3, 2020
3415
Using the trade license of an existing company to start business 0
If I am looking to use the general trading license of an existing individual to start my business and creating my company under his license, then what are the things I should watch out for to protect myself?
Oct 3, 2018
1597
Seeking legal assistance for drafting a Merchant Agreement 0
I am seeking a law firm/agency in Dubai that can provide the services to draft a Merchant Agreement template contractually, according to our company business model.
Oct 3, 2018
727
Non-payment of share value and claiming the shares back 0
My company is located in Dubai as an LLC. We have two shareholders,
1. UAE national shareholder with 95%
2. A foreign shareholder with 5%
The UAE national shareholder transferred this 5% shares to the foreign shareholder through a share sales agreement, which was notarized at the notary public in Dubai and submitted it to the DED to amend the trade license etc. This happened in 2014.
But till this date, the foreign shareholder did not pay the value of 5% shares to the UAE national shareholder or to the company.
Also, the foreign shareholder was not actively involved with the company's operation and as per Article 17 of the Commercial Companies Law:
"2. The partner may not contribute in work rendered unless he is a joint partner. The contribution of the partner may not consist of his having reputation or influence."
Under these circumstances, is it possible for the UAE national shareholder to request from the court to cancel the 5% shares of the foreign shareholder and transfer back to him?
Oct 4, 2018
1226
Visa cancellation as a partner and obtaining a new employment 0
Hi.
Could I please get some advice on the following:
I own a company in the UAE, It is an LLC. I am a partner and I have a local partner holding 51%. We have a separate contract that gives me all ownership.
I am sponsored through my company. I would like to cancel my work visa with my own company and be sponsored by another company to work for them. My company is run and managed by employees.
My question is, am I able to cancel my working visa, be employed by another company but retain ownership of my own business?
I will not be taking a salary from my business.
Any help regarding this matter would be appreciated.
Thank you.
Oct 1, 2018
4369
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