Legal Service
Due to the religious specificity of the Middle East, the ability to deal with unpredictable variables is essential. We are a proven and trusted partner law firm that makes your business safer and more sustainable.
We have unique expertise that sets us apart from years of practical experience in matters related to Middle Eastern companies, legal background in investment, and business build-up. Especially in the Middle East Biz Center, we have know-how and expertise incomparable to other companies. We provide valuable insights and legal perspectives to address known unresolved issues. In particular, our legal team specializing in Middle East specialized in legal matters will protect your business.
In addition to regular Middle East legal regulations, Middle East culture reports provide valuable insights to executives to help them make critical business decisions in the Middle East.
From our results of promotions and relationships with numerous organizations doing business in the Middle East, we provide industry “best practices” that enable us to set up and implement processes to diagnose, identify problems, design solutions, and auto-channel business operations. The growth goals and services for this purpose are as follows.
1. Legal Structure
In Dubai, you can operate a business as a sole proprietorship or company for direct sales, or indirectly through agents.
a. Sole Proprietorship
This is a simple business method in which the sole proprietor runs a business on his/her own under a trade license issued in his/her name. In this type of business, individuals are liable for the business’s debts to the extent of their assets. Sole proprietors cannot have independent legal entities. Only UAE and GCC nationals are allowed to operate as sole proprietors in Dubai, but recently, after obtaining a business license for sole proprietors, UAE nationals lease to foreigners to fully manage the business and profit from the business. Cases of doing so are increasing. However, this type of arrangement is inherently illegal and is not recommended as it can cause many problems if the business relationship between the parties goes wrong. Moreover, the legal holder of the business license will be 100% fully responsible for the debts concerning third parties not aware of these separate agreements.
It is possible for foreigners residing in the UAE to become sole proprietors. However, the law restricts foreigners from operating as sole proprietors in specific fields, and the applicable fields are as follows.
- Provision of medical services
- Engineering advice
- Legal advice
- Computer consulting advisory
- Similar services and non-trade activities
Foreign sole proprietors must appoint a local service agent. The local service agent contract must be notarized, and the foreigner’s residence must be placed under the name of the new business sponsorship. Therefore, although the business process in the form of a sole proprietorship varies depending on the nationality and identity of the individual who becomes the sole proprietor, the fact that a business license must be obtained from the Ministry of Economic Development after submitting an application with all relevant documents applies to all.
Our services
- Legal advice on incorporation
- Legal advice on mergers and acquisitions
- Legal advice for large corporations
- Banking and Financial Institutions and Services
- Legal advice on compliance
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