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Published : February 06, 2016 | Author : alrowaad
Category : Dubai laws | Total Views : 447 | Unrated

  
alrowaad
Hassan Mohsen Elhais After qualifying as a lawyer in his native Egypt within the fields of Criminal and Public Law, Mr. Mohsen Elhais has been practicing in Dubai for the past seven years. Working exclusively with Al Rowaad Advocates, Hassan is an effective leader of the company, the spokesperson and driving force. Hassan has a strong ethical stance with regards to the place of the law firm and its work on behalf of the client, from clarity on the legal process through to the fee system. Specialising in the drafting of all statement of claim, memos and consultation with regards to all kind of litigations, Hassan has worked his way through the ranks of Al Rowaad Advocates from joining as Legal Advisor to his current role as Managing Partner.
 

Dubai is a well-respected pathway to the East, and since it became a financial hub, companies that engage in all types of business activities are now looking to establish a presence here. Setting up a Local Company is an excellent way to enable you to have a presence in Dubai as well as operate within the local jurisdiction.

The important issues to consider when establishing local companies include the availability of excellent ties with local partners. UAE law dictates that 51% of the shareholding of a local company must be held by a UAE national.

You should look to secure local partners who are able to give you the comfort and security to run your business in the UAE market with confidence. Another important legal consideration revolved around the agreements which you will form with your local partner. It is also important the activities are legal and regulated. Here, it is important to note that Limited Liability Companies (LLC) are relatively flexible in that they enable any legal business to be carried out in the Local Market , other than insurance, banking, or investment businesses.

You have various options when it comes to incorporation of a local company, and the seven categories of business organization defined by the Law are: General Partnership Company, Simple Limited Partnership, Private Joint Stock Company, Limited Liability Company and Partnership Limited with Shares.

The most common business structure chosen is the LLC, which is characterized by limited liability. Each of the partners shall only be liable to the extent of his or her share in the capital.

Author: Mr. Hassan Elhais is a professional Lawyer who specialized in Litigation in Dubai, United Arab Emirates. 




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