Sunday, January 5, 2020

Start a company in Dubai, UAE: What contracts does my business need?


Setting up a business in Dubai, United Arab Emirates (UAE) is easy nowadays due to various factors such as investor friendly business modules, international exposure, supportive government policies which lead to attractive business opportunities. Investors have multiple options for business set up based on business activities, jurisdiction, nature of ownership etc. There are various jurisdictions and types of business set ups available to form a company in Dubai.

Setting up a business is easy but keeping it running within the legal framework is quite difficult. It is not that you cannot run, but with the assistance of corporate lawyers you could do it in a better way.  Any business should have legal contractual frameworks in various form of contracts based on the governing laws and type of business activities. Hence, it is always advisable to have the documents/contracts reviewed/drafted by the competent corporate lawyers in Dubai so as to be within the ambit of Dubai laws.

To opt a right structure and form a valid legal entity is very important for any investor for smooth functioning of business operations at a later stage. A corporate lawyer would take care of all your legal aspects of business in Dubai.

One must be having questions like, what next after company formation? Which contracts does my business need? How can I execute those applicable contracts? Which contracts I should execute to safeguard my interest and the interest of my business and what not?




Are you planning to set up a company in the UAE?


Check out some informative articles that may help you with your planning.
For a quick and easy process of company formation contact or visit us today!


Sunday, December 22, 2019

How to Start a Business in Dubai: What Do I Need to Know About Choosing a Name for my Business?

There are a lot of things you need to consider when it comes to company formation in Dubai. Chief among them is your business name.
Now, before you get too witty and excited about coming up with a name, there are certain rules and regulations you need to follow. You can’t simply choose any name you have in mind.
Read on to learn what you should know when choosing your name for a business.
The do’s in choosing a business name
  • Choose a name that represents your brand.
  • Choose a name that is easy to remember and resonate in the mind of people.
  • Choose a name that will evoke positive emotional responses and express a powerful message
  • Check with the relevant authorities for a list of restrictions that may apply to your business setup in Dubai.
  • Choose a name that reflects the primary activity and nature of your company.
The “do not” in choosing a business name
  • Don’t choose a business name that is already copyrighted elsewhere. For example, world-renowned brands such as McDonald’s, Toyota, Microsoft, and others should not be considered.
  • Don’t use the location of your business as part of your company’s name. In Dubai, you can’t use names of places such as Dubai, Emirates, UAE, Abu Dhabi, Sharjah, and other names of cities and districts. So, you can’t use UAE Hardware or Dubai Clothing. However, you can use nationalities as part of your business name such as American, European, Arabian, and similar.
  • Don’t use a company name that is indecent, vulgar, and offensive. Moreover, check with Arabic-speakers to see if your chosen business name has an unintended meaning when translated to the local language.
  • Don’t use business names that contain the name of God and his divine attributes. Business names that can be religiously offensive is a big no-no.
  • Don’t use a business name that is similar to any government agencies, organisations, or departments. You can’t also use any of their abbreviations.
  • Don’t choose a business name that has already existed in the UAE. Even if the name just sounds the same, it is still against the rules.
  • Don’t choose a company name without consulting corporate lawyers in Dubai. They can save you time, energy, and money when it comes to choosing a brand name.


ARE YOU PLANNING TO SET UP A COMPANY IN THE UAE?

Check out some informative articles that may help you with your planning.
For a quick and easy process of company formation contact or visit us today!

Sunday, December 15, 2019

Is it advisable to engage your lawyer when selling a property?

Generally speaking, you can sell your property without the help of a real estate lawyer in Dubai. However, this doesn’t mean that you won’t need one. There are a lot of benefits you can obtain when you have a qualified and competent lawyer by your side.
Perhaps, you are thinking whether you should engage your lawyer when selling a property or not. This post will help you make the right decision by outlining the advantages of having a lawyer.
Market knowledge
Real estate lawyers in Dubai are like no other lawyers. They are focused on handling real estate matters and transactions. With the specialised knowledge and skills, they can help you in determining the right price of your property and how it compares with other properties around your area and in Dubai as a whole.
Help in drafting contract
Sales contracts can be complicated at times. Unless you are knowledgeable about legal terms and how the law works, you would have a hard time preparing it.
A real estate lawyer can step in. He can write down your contract and make sure that it says exactly what you want it to say. The lawyer can also explain to you every part of the contract and ensures you understand what it stipulates.
Help in negotiating
You want to get the most out of the sales transaction? If you’re negotiating the terms, conditions, and price of your property, chances are that things can easily tip in your favor if you have a real estate lawyer.
Help in closing the deal
When you finally have sold your property, the last thing you want to happen is to be bothered with missing documents and forgotten requirements needed for the sale. Thankfully, a good lawyer will ensure that when you close a deal, it is truly closed and you have nothing to worry about.
Your lawyer can help in transferring the title to the buyer. They can also file the sale and record transactions to the relevant government agencies such as the Dubai Land Department.


ARE YOU PLANNING TO SET UP A BUSINESS IN THE UAE?

Check out some informative articles that may help you with your planning.
For a quick and easy process of company formation contact or visit us today!

Sunday, December 8, 2019

New DIFC Employment Law of 2019

The new DIFC Employment Law has come into force last August 28, 2019. The New DIFC Employment Law or better known as the Law No. 2 of 2019 has replaced the Law no. 4 of 2005.

With the new DIFC Employment Law, you need to know what it means for you, your company and employees.

Application of DIFC Employment 
The Dubai International Financial Centre (DIFC) is a financial hub in the Middle East and a special economic zone in Dubai. According to the old Employment Law, only those businesses that have an establishment in the DIFC can create a contract under the DIFC Employment Law.

 However, corporate lawyers Dubai mentioned that the changes enable employers and employees outside of the DIFC to be under the said law. Moreover, the New DIFC Employment Law can now be applied to both part-time and short-term employees with a few limitations.

 Limitation period 
 If employees were unjustly dismissed or treated due to age, maternity, pregnancy nationality, sex, and race, they have six months to file a complaint to the DIFC Court. A list of criteria to determine the existence of discrimination would be used on a case by case basis.

Secondment 
If you are an employee who wants to work in DIFC, you can do so using the Secondment arrangement. This is allowed as long as the employee has a valid Secondment card issued by the DIFC Authority.

Positive changes for employees 
There are a lot of provisions and changes made in the New Employment Law that many employees would be happy about.

Among the most noteworthy changes would be the maternity and paternity provisions. Under the New Employment Law, if you are a mother returning to work after your maternity leave, you will be entitled to have nursing breaks up to one hour within six months after giving birth.

 For fathers, they can take up to five days of leave within the first month of the child’s birth. Maternity and paternity leaves are also applicable if employees adopt a child who is under five years old. If you need to learn more, you can visit any of the leading law firms in UAE.


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Are you planning to set up a company in the UAE?



Check out some informative articles that may help you with your planning.
For a quick and easy process of company formation contact or visit us today!


Sunday, November 17, 2019

Reasons Young People Should Write a Last Will


You are young, physically active, and healthy. So, why do you need to write a last will? After all, most people would like to avoid this topic since it makes them uncomfortable. Before you dismiss the thought of writing your will, here out what legal advocates in Dubai have to say. Here are some of the reasons you should get a will.

Life is unpredictable

There’s no doubt that things can easily change in just a matter of seconds or minutes. Even if you are young, there’s no guarantee that you will live up to 80 years. While this might sound harsh, but it is a reality of life.

When death comes knocking on your door, you would be happy that you had one of the expat wills Dubai set up already.

You want to ensure your wishes are followed after you pass away

In the UAE, if you don’t have a will, their Law of Inheritance is used to determine how to distribute your assets. UAE’s Law of Inheritance is based on the Sharia Law. It is worth noting that Sharia isn’t a codified law and thus, it is subject to further interpretation.

If you pass away without a will, it is the government who will direct how your assets would be handled. It can be either favorable or not favorable for you. Moreover, according to one of the best international law firms in Dubai, even if you have a will set up in your home country, your immovable assets in the UAE might still be subject to the local Law of Inheritance.

You want to leave your children to the right people

For young people who have children, you would want to ensure that they are well taken care of even if you are gone. If you die without a will, the guardianship of your children might be given to people whom you don’t like or prefer.


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A Will is a legal document...


Sunday, November 10, 2019

Kids Custody While Divorce is Pending

A report was released in 2016 and it shows that one in four marriages in UAE ended in divorce. Divorce can get so ugly and emotional and the ones affected the most are the children. For this reason, it has been a constant question for many people how child custody works in the UAE especially while the divorce is still ongoing. In this case, getting an overview of Dubai Divorce Law child custody would help you make a better decision during your legal battle.

Hadana principle in the UAE

Hadana is an Arabic phrase which means, “means holding a child close to one’s heart by protecting and educating.” Traditionally, hadana applies to the mother. It means, by default, the mother becomes the custodian of the children while their father becomes the guardian. Lawyers in Dubai could explain this concept very well to you.
While the hadana principle is commonly practiced in the UAE, things can easily change and get complicated. There are certain laws in the UAE that could change how child custody works.

Expatriates and child custody

UAE nationals are governed by the Sharia Law. However, for expats, they have the option to apply the divorce law of their home country or rather choose to be under the Sharia Law.
This is where things can get too complicated. When the expat’s home country law goes directly in conflict with Sharia Law, the latter would automatically be imposed. In this case, a divorce lawyer in Dubai can help you determine the best course of action.
According to Sharia Law, the child should live with their mother until they reach their 13th birthday for a girl and 11th birthday for a boy. If the child is at the right age, they can choose to apply for custody.


Divorce in UAE?


Check out some informative articles that may help you with your divorce process.
For a quick and easy process of company formation contact or visit us today!

Sunday, November 3, 2019

Increasing Numbers of Expats Drawing up Wills in UAE


According to one 2107 survey conducted by the DIFC Wills & Probate Registry, about 60 percent of expats don’t see the UAE as a place where they want to spend the rest of their lives. However, almost the same number of people say that they intend to live in this country for a long period of time. That’s why it is not surprising to see the number of expat wills Dubai created is steadily increasing.

Of all the expats living in the UAE, there are about 2.8 million of them who are Indians. Indians became the largest non-Muslim single national group with the highest number of wills in place. Indians have replaced British nationals in this category.

Expats in the UAE have become an active contributor to its thriving economy. As a result, many expats have accumulated assets and wealth in the UAE. There are about 8 million expats in the UAE and most of them would like to have a complete control of their properties even after their demise.
So, why is there an increasing number of expats who draw up wills in the UAE? There are a few reasons. For one, with more expats living and working in the UAE, the more people are now trying to get a will set up before their death.

Another reason is how the law in the UAE handle properties of its residents. By default, if you don’t have a will in place, UAE’s Law of Inheritance would take over. This means you or your family will not have a direct control of your property when you die. Depending on your country’s law, your religion, where you die, and other factors, the process of transferring property ownership and finding the right attorney in Dubai can easily become complicated.




A Will is a legal document...