INVESTOR RIGHTS & PROTECTION According to the UAE law for establishing a Limited Liability Company in Dubai, at least 51% of the total shares in the company should be of a UAE citizenship holder. We at Shuraa make sure that the investors are fully protected. In order to safe guard their shares; our lawyer prepares Investor Protection Contracts namely SIDE & SERVICE Agreements, which are legally valid in the court along with the signature of two witnesses, in case of any dispute between the investor and the local partner. The above said contracts are duly signed by both the investor and the local partner and are witnessed by two different parties from each side. The Side agreement clearly mentions that the investor is the 100% owner in the company. He has all the rights and will be responsible for all the profit and loss incurred by the company. And he shall have all the operating rights for the company’s bank account, any bank facilities, cheque issuance and all other company operational activities without any interference of the local partner. The Service agreement clearly states that the Shuraa assists the investor to setup a company in UAE. Shuraa not only becomes your local partner but also provides all services to support your business, necessary approvals from Dubai Economic Department, Dubai labor department, work permits, residence visa’s etc all will be provided by us in accomplice with the respective government departments. Also, Shuraa provides a Power of Attorney to change the local partner anytime the Investor wishes.
Posted on: Mon, 17 Jun 2013 06:20:44 +0000
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