Q: 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?

Q: Buying a small business in Abu Dhabi. What are the legal requirements? What are the items on a checklist that one should consider before investing? What are the pitfalls of buying an existing business?

Q: Hello Mr Hari I want to start a business in the UAE. What are the legal requirements & options given by the UAE government for NRI to start a business in their country?

Q: Hi I am taking a cafeteria for 2 years on lease. The license will be for the owner but I will run and take care of everything for 2 years including profit, salaries...etc. So how will I make the agreement? 1. Shall I go to the court for making the agreement? 2. Shall both of us make an agreement on cafeteria letterhead and sign and stamp? Will this be enough as a proof of lease? 3. Is a power of attorney from the owner to my name needed for running the cafeteria?

Q: I am currently working in an organization on an unlimited contract, however, I would like to enter into a business partnership and put my name on the trade license of the new company. I will, however, still be working in my current company. Can I enter into a business partnership directly or do I need to get a NOC? My current employer has no restriction on doing business in our contract neither does the new business violate the non-compete clause. If I need to get a NOC, then how do I do it? Do I simply request my current company to give a NOC? Your help is much appreciated. Thank you in advance

Q: I left the company last January 19, 2023. I was the authorized person with a power of attorney and MOA, my name was also in the trade license as the Manager. I was the authorized person in the company's bank or the bank account is in my name. 1 week after I left the company, they changed the MOA and trade license. However, the bank's name or the authorized person is still not yet change. I have suggested closing the bank account, however, the company did not allow me to. They are using it and calling the bank using my name. What should I do?

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.

With the introduction of the new procedures for obtaining a power of attorney (POA) remotely in the UAE, after it was mandatory to appear in person in front of the notary public as a global rule to ensure the identity and intention of the person requesting a POA, we put between your hands this brief guide for how you get it done.

The UAE has had tremendous economic development over the last two decades, which can be attributed to the country’s expanding market and large inflow of investments. The demonstrated level of preparedness and equanimity is evident in the legislative framework, characterized by the ongoing and systematic updates of laws. This proactive approach aims to align the legal landscape with the dynamic trajectory of economic advancement, ensuring continual synchronization with the prevailing progress.

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.

The provisions of this law, promulgating UAE Civil Code, govern the civil transactions in the United Arab Emirates. The commercial transactions remain subject to the laws and regulations applicable in their regard.

The provisions of this Decree-Law, known as the "New E-commerce Law", govern E-commerce regulations in the United Arab Emirates. The New E-commerce Law repeals the previous UAE E-commerce Law (Federal Law No. (1) of 2006 Concerning Electronic Transactions & Commerce).

Cabinet Resolution No. (28) of 2023 on the Executive Regulations of Federal Decree-Law No. (46) of 2021 on Electronic Transactions and Trust Services