Corporate & Commercial Law in UAE | best law firm in Dubai
Corporate & Commercial Law in UAE – Federal Law No. 2 of 2015 on Commercial Companies in UAE and its Amendments, also known as the UAE’s ‘corporate law,’ addresses all aspects of commercial companies in UAE, including the working environment, economic position, international norms, and governance rules. This law was created specifically to encourage foreign investment in the country and to provide a working environment and regulatory framework that encourages development.
Company Establishment and Setup Business in UAE
Khairallah Advocates & Legal Consultants can provide the right and reliable corporate sponsorship for your Company.
Company Liquidation
Liquidation of the company in UAE is referred to winding up a UAE firm, is the process of closing down a Dubai, UAE company. The business will be dissolved, and all of its operations will be suspended.
Franchising in the UAE Law & Regulations
Offshore Company Formation in Dubai Legal Consultant Dubai
Going offshore is the most modern popular way of managing a business as they offer excellent and tax-efficient strategies for entrepreneurs. Significant prima facie benefits are freedom of operations, confidentiality, and ease of running a business.
Free Zone Company Formation in UAE
Free zone company registration in UAE has increased in popularity among investors since it allows easy access to various resources, tax incentives, and much more for starting a business in a free zone in Dubai. The fact that 100% foreign ownership is allowed in Dubai’s free zones has made them very popular with investors.
Intellectual Property
The Federal Law on Trademarks and the Federal Law on the Protection of Intellectual Works and Copyright are the main intellectual property protection legislation in the UAE and Dubai.
Khairallah Advocates & Legal Consultants offers comprehensive business and corporate legal services, handling and advising on all aspects of UAE and International business transactions and serving as legal advisers implementing client values by working with them. Their in-house counsels yield a greater understanding of their needs and effective management of their works.
Our team of Corporate Lawyers advises on the intricacies of setting up a business under various jurisdictions, as well as the legal ramifications of all peripheral issues involved in the process. We also assist in setting up companies and branches in the UAE and any Free Zone Areas.
1- How much equity can foreign investors own in UAE companies?
The UAE Commercial Companies Law (CCL) allows foreign investors to own up to 49 percent of the equity in UAE companies, with one or more UAE nationals holding the remaining 51 percent at all times.
2- What laws apply to businesses in the free zones?
Furthermore, your business will be governed by laws pertaining to your specific business activity, in terms of practice, property rights observance, QHSE compliance, and those of the respective free zone authorities.
3- What is the law of commercial companies in UAE?
The UAE Federal Law No. 2 of 2015 on Commercial Companies, as amended, applies to any economic entity that engages in any commercial, financial, industrial, agricultural, real estate, or another type of economic activity on the mainland, except companies excluded by UAE Cabinet resolution.
Commercial services that we handle include:
- Business Setup, Offshore Companies & Free Zone Company Setup
- Shareholders Agreements, Share Buybacks
- Banking and Finance Facility Agreements
- Company Restructuring, Financial Documentation, Compliance, and Due Diligence
- Commercial Contracts Drafting, Vetting, negotiation, Risk Analysis, and advice
- Mergers and Acquisition, Joint Ventures, License and Distribution Agreements
- Trade Licenses, Patents, and Intellectual Property Rights
- Distributor Agreements
- Franchise Agreements
- Commercial Terms & Conditions
*but are not limited to*
- Sale and Purchase Agreements, Unfair Competition
- Product Liability, Sale of Goods and Services
- Registration and protection of Patents and Intellectual Property Rights
- Risk Management and Strategy Planning
- Construction Disputes and Agency Agreements
- Commercial Property (Leaseholds, Freeholds)
- Insolvency Proceedings / Bankruptcy Petitions
- Interim Orders and Freezing Injunctions
- Debt Collection, Creditors Agreements
An Overview of the Free Zones in UAE: Focus on Abu Dhabi Free Zones
Understanding Free Zones: What Are They? The free zones in UAE are specific geographic areas within the country that function under a distinct framework of economic and business incentives that is separate from the rest of their governing domains. These zones actively foster the growth of business and industry, spur foreign…
Recent Developments in UAE Commercial Law: A Landmark Decision on Cheque Disputes
In a significant ruling that underscores the evolving landscape of commercial law in the United Arab Emirates, the Dubai Court of Cassation has recently handed down a judgment that clarifies the legal position on cheque disputes and the nature of cheques as financial instruments. This decision, issued on 27 February…
Unifying Judicial Principles in the UAE’s Federal and Local Courts
The United Arab Emirates legal system has recently addressed a significant issue regarding the jurisdiction of courts across different emirates. This development comes in the form of a decision by the Federal and Local Judicial Principles Unification Committee, which has important implications for the UAE’s legal landscape. At the heart…
Understanding the Federal Tax Authority’s Decision No. (07) of 2024: Key Updates on Corporate Tax Deadlines
The Federal Tax Authority (FTA) has recently issued an important decree—Decision No. (07) of 2024—regarding the extension of deadlines for tax return submissions and payments under the new corporate tax regime in the UAE. This decision, which aligns with the broader context of the tax reforms introduced by the government,…
Federal Decree Law No. 26 of 2024: A New Era of Legal Reform in the UAE
The recent issuance of Federal Decree-Law No. 26 of 2024 marks a significant shift in the United Arab Emirates (UAE) legal landscape, aiming to streamline, modernize, and adapt the country’s legal framework in alignment with its evolving economic, social, and strategic objectives. This decree, endorsed by His Highness Sheikh Mohamed…
The Intricacies of Commercial Litigation: A Case Study
In the realm of commercial law, the complexities of litigation often extend far beyond the mere facts of a case. This blog delves into a recent judicial decision, illustrating the nuanced interplay of legal principles and the judicial reasoning that guides court determinations. Background of The Case The case under…
Insights into a Case of Business Disputes in the UAE: Legal Considerations and Court Decisions
In a notable business dispute that unfolded in the UAE, the involved parties were entangled in a disagreement regarding company shares, operational costs, and financial responsibilities. The case progressed through various legal stages, including appeals, ultimately reaching the Court of Cassation in Abu Dhabi. Background of the Dispute The dispute…
The Role of Courts in Defining the Scope of Disputes and the Limits of Judicial Decisions
When a commercial dispute reaches the Court of Cassation, the highest judicial authority in Dubai, the court’s approach and its interpretation of legal principles become critical to understanding the boundaries of judicial decision-making. The Dubai Court of Cassation recently handed down a significant ruling on September 19, 2024, which reinforced…
Free Zones in Dubai
Dubai, known for its dynamic economy and business-friendly environment, is home to several Free Zones that have played a pivotal role in driving economic growth and attracting foreign investment. These Free Zones offer unique advantages and incentives to businesses, making them an attractive option for entrepreneurs and multinational corporations alike.…
The Crime of Money Laundering and the UAE’s Fight against that Crime
Anti-money laundering in UAE The United Arab Emirates (UAE) has implemented strict anti-money laundering (AML) measures to prevent money laundering and terrorist financing activities within the country. The AML framework in the UAE is regulated by the Central Bank of the UAE and the Financial Intelligence Unit (FIU). The AML regulations in…
