Questions & Answers
Questions & Answers
4 available 4 • View allIs it necessary for all company partners to be present for the exit of one partner?


3
Q: Is it necessary for all the partners and owners to be in the country if one of them wants to cancel his share?



Jun 2, 2021
574
Procedures to exit partnership in Dubai companies and get your share
2
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!

Aug 24, 2019
1519
A partner wants to leave the company. What to do?
3
Q: I had registered a company in Shams Sharjah free zone since almost one year and 3 months. I own 95% of company shares and another partner has 5%.
The company until now has no activities. I already got my visa & UAE ID and the situation now is my partner wants to step out and I would like to know the process & fees to do so.
Can you advise me, please?

Nov 8, 2021
493
How to exit an LLC partnership when other partners disagree?



2
Q: Dear Sir/Madam,
How to exit a partnership when the other two partners are not accepting my exit?
It’s an LLC company in Dubai mainland, and my share is 33 percent.




Mar 20, 2024
386
Legal blog
2 available 2 • 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
6379
Online POA and Other Notary Public Services in the UAE 28
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.
Jun 8, 2021
19246
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
29583

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