Questions & Answers
Questions & Answers
3 available 3 • View allHow to close a company with an expiring license and an inactive partner?




1
Q: Hi,
I was part of a trading license that was used only for the visas of two partners, with no business activity.
Now, the license is about to expire, and I need to close the company. The parents of the deceased partner are not cooperating, and the second partner is also not interested.
Please help me understand how I can close this company, as one partner is dead and the other is not interested. I am left alone in this situation. What will happen if I don’t renew the license, and how can I get it canceled?
Thanks!





+5
Sep 11, 2024
170
Liquidation of an LLC company when a partner is not approving
3
Q: One of the directors with a 16% share doesn't want to close the company.
The Emirati with 51% and 2 other directors with 17% & 16% want to close the LLC.
The license has expired 15 days ago. What to do now?

Apr 8, 2019
1521
How can I exit a mainland civil company when my partner is unresponsive?




1
Q: Dear Questioner,
I am a 50% shareholder of a mainland civil company. My partner is unresponsive, and I wish to close down the company or leave it.
What should I do?





+2
Oct 22, 2024
97
Legal blog
3 available 3 • View allWhat You Must Know about Company Liquidation in the UAE 15
Companies can be wound up by Voluntary Liquidation. This shall proceed as initiated by shareholders or creditors of a company by passing a valid shareholder’s resolution. When a company’s financial mechanism fails, and the company is in financial distress and/ or becomes insolvent whereby it is unable to pay off its debts, the company may file a petition for winding up to the court.
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The Legal Alternatives of Bankruptcy in the UAE Legislation 1
The UAE continues to strive to modernize its laws and create more flexibility in meeting the needs and requirements of investors and businessmen and elevate its economy to the highest levels of growth and development.
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The UAE Issues Rules for Full Foreign Ownership of Companies 0
In terms of existing companies which include Emirati partner and its activities have been availed for full ownership by Foreign investors Dubai Department of Economic Development stated that those companies will remain as is without change.
Jun 6, 2021
674
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
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Can I request reopening a civil case if the judgment was in my absence due to sending notices to the wrong address? 0
Lawyers misunderstood my question. Please read carefully and then guide me.
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Claim amount: 400,000
Paid: 65,000
Reason: Commercial agreement of supply
Emirate: Ajman
This case was registered in 2022. The judgment was in my absence, as notices were sent to the wrong address.
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How can I exit a partnership linked to an expired license and accumulating fines? 0
Good Day!
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Does it matter whether the cheque was issued to an individual or a company? 0
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Is a bounced rent cheque case considered a criminal record for U.S. visa applications? 0
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What are the penalties for not returning from vacation after several months or a year? 0
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If an employee is terminated due to poor performance, is he eligible for compensation? 0
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What to do if the bank filed case on me using security cheques and executed travel ban? 0
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Is a bounced rent cheque case considered a criminal record for U.S. visa applications? 0
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Can a person with a UAE criminal case travel to another GCC country on a work visa? 0
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Can a Pakistani expat register a second marriage in the UAE without disclosing the first? 0
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Missing business partner since 2003. What to do about his share in the LLC? 0
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Can the owner of a company escape if there is a cheque execution and travel ban on him? 0
I raised a cheque execution case against a company and its owner and won. There is a travel ban on him. I was receiving installments for three months and now he stopped paying.
The court after request summoned him. In total, he paid only 30% of the owed money. I found that his company license is expired and also in the month his visa will expire.
Does he have any option to avoid payment?
Please note he was deceived by showing no money in his bank account and no assets in his name but he is running multiple businesses.
Also a month ago, he tried to convince me to lift the travel ban but I refused to do so. But he submitted a guarantee and left UAE.
Now the status shows he is back in the UAE and the travel ban imposed again. But after that, he stopped payment.
Is there a 1% chance of him not paying me the remaining money?
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In EMARATAX, must two licenses for the same activity in different emirates register separately? 0
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Can a developer demand extra payment for a 30% size increase after handover? 0
Hello,
I purchased a one-bedroom off-plan unit in Dubai from a well-known developer under an SPA specifying an area of 801 sq. ft. I completed all payments as per the developer’s payment plan, and the unit was handed over to me without a Title Deed.
After taking possession, furnishing the unit, signing a tenancy contract, and making repeated follow-ups to obtain my Title Deed, the developer informed me, 45 days after handover, that the actual area was 1,041.41 sq. ft., a 30% increase from the original SPA terms.
To receive my Title Deed, they are now demanding payment for the increased size.
Key issues:
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How to recover unpaid fees from a client who refuses to pay for online consulting services? 0
Hello,
A client of mine used our consulting services online and is refusing to pay. Despite multiple reminders, she still has not made the payment. What legal action can I take against her?
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