Questions & Answers
Proving partnership in a company without a written proof
A friend and I have started a business in Dubai about 2 years back and I paid my share of the capital and expenses on that basis we'd be 50/50 partners.
The company was registered under an Emirati sponsor as per the local laws and regulations who holds 51% of the shares and my friend who holds the remaining 49%.
We didn't add my name to the application at the time thinking it would reduce the processing time. Till date, I have not seen any share or any profit on the grounds that we're not making much of it.
We have not signed any papers that can prove that I'm a partner in the business, but I have made 2 payments (about 90% of my total investment) through a bank transfer to the company's bank account.
To sell my share, would it suffice if I get him to sign on a paper that we are 50/50 partners and I contributed with X amount?
Should it be done at a notary and have it legally attested? Or should I have him sign a paper that I gave him an X amount as a loan?
Any other suggestions

Dear Questioner,
Good evening.
Thanks for contacting online.
Even though your name was not entered in the license, the company's MOA will be evident of your partnership in the company and there would be conditions for profit share.
Before giving a detailed opinion, the company's MOA is to be looked into. And based on that only, any suggestion towards the further remedies can be suggested to you.
Either you have to enter into an MOU and move accordingly for the share transfer.
Please feel free to contact me at 0556635526 or WhatsApp at 0508575526 or email at ar@alnassaradvocates.com if you need any further explanation or clarification.
Regards,
Anitha Rajeev