Corporate governance

At its simplest, corporate governance exists to ensure that people within a company know their roles and responsibilities. It's a system that companies use to set and achieve objectives, While all businesses are different, corporate governance typically focuses on three key areas: management accountability, the effectiveness of operations, and effective control. This system is vital to any company as it provides a framework for decision-making and accountability. That's why many businesses choose to work with corporate governance advisors who can help them develop an effective system.

Corporate governance and it principles:

• Shareholder recognition

• Stakeholer interests

• Board responsibilities

• Ethical behaviour

• Business transparency

Corporate governance advisory

We are a top corporate governance advisory firm in the UAE that has the experience and expertise to provide your organization with the necessary tools to improve decision-making processes, corporate openness, accountability, internal controls, and incentives. We use our extensive knowledge of corporate governance to guide your organization to success by mitigating risk and improving performance. With our wider exposure to insights of corporate governance, we would be able to help you build a sustainable business.

Company liquidator in Dubai

Our experts in Dubai can support you with the following aspects during a company liquidation:

• Appointing lawyers and liquidators

• CompanyAudit report preparations

• Extensive guidance from our experts for both voluntary and compulsory liquidations.

• Liquidation cost processing and deregistration with government authorities

How we help you?

LW Lawyers provides liquidation services that are based on your company's unique circumstances, as we understand that every business is different.

We are officially certified by UAE financial authorities to perform liquidation audits for mainland, free zone, and offshore companies. As an approved audit firm, you can rely on our specialists for the preparation and submission of audit reports, which are essential for the closing of the company and cancellation of business license(s).

We have a wealth of experience in assisting businesses through the liquidation process, and our team will work with you to ensure that everything is taken care of in a professional and efficient manner.

Our team of insolvency specialists has decades of experience in liquidation and can help you transition to new opportunities. We understand that liquidation is your company’s best alternative and will work with you to ensure it’s handled correctly. Our aim is to provide you with confidential, expert advice and support throughout the process so you can focus on new opportunities.

Golden visa service

UAE Golden visa – learn more

The United Arab Emirates is a top destination for those who love to travel, study, or work abroad. The UAE offers various incentives and residency options that make the experience of living there unique and incomparable to anywhere else. If you're looking for an amazing and culturally-enriching experience, the UAE should definitely be at the top of your list!

Procedure to obtain golden visa

• Employees who are recruited to work for the government sector may be sponsored by the relevant agency to obtain a residency visa.

• Got a private company with an existing license in the UAE? You can help your employees apply for residency visas under your sponsorship.

• If you're an entrepreneur or investor looking to set up shop or invest in the UAE, you can apply for a residence visa by partnering with a registered company in the country.

• Promising students with strong academic capabilities in science.

Residency visa – long term

As mentioned previously, the UAE has recently implemented a system for granting long-term residency visas for periods of 5 and 10 years to investors, entrepreneurs and professional talents - known as the "Golden Visas". In order to qualify for the new long-term stay visa, applicants must meet certain criteria as discussed above. Once granted, these long-term residency visas will also extend to the families of eligible applicants and will be automatically renewed should the applicant continue to meet the required criteria.

Residency visa – 10 years

Investors:

In order to qualify for an investment visa in the UAE, applicants must have made public investments with a value of AED 10 million or more. Of this total, at least 60% must come from non-real estate investments. Additionally, the investment amount may not be the subject of a loan and must be retained for at least 3 years.

Residency visa – 5 years

• Real estate investors are eligible for 5 years visa.

• If you're an entrepreneur or investor with an existing project in an approved economic field, you and your family may be granted a renewable five-year residency visa, as well as up to three employees. Your project will need to have a minimum startup capital value of AED 500,000 or the endorsement of an approved business incubator within the UAE.

• To be eligible for this program, students must have: - Obtained an average grade of at least 95% in public or private secondary schools - Hold a university degree from inside or outside the UAE, with a GPA of no less than 3.75 upon graduation

Bounced cheques

Who is liable for corporate cheques?

Companies and partnership firms are not held liable when cheques they have issued are not cleared due to insufficient funds. Rather, the authorized signatory- which is often a co-owner, partner or manager- bears the criminal liability in this case. The private funds of other parties have no impact on the value of the cheque; however, the value may be realized through disposal of company assets.

If it's been proved that a cheque has bounced because of fraud committed by partners or owners, directors of the company could be taken to court. But if you've been wrongly accused, our specialist commercial transactions lawyers will do everything they can to defend you. Our cheque bounce lawyers are experienced in finding legal loopholes and will press all efforts in utilizing them to mitigate legal situations, regardless of whether accusations are true or there's substantial relevant evidence against you.

We have extensive experience in navigating the ever-changing UAE legislation, having successfully handled thousands of settlements and cases. Our attorneys are committed to staying up-to-date with new and existing legislation concerning cheques and other financial vehicles. Cases are always presented professionally, intelligently, and successfully.

Employment restructuring

Legal employment restructuring in UAE

We are experts in employment restructuring and redundancy, so we can give you specific legal advice about labor and employment law to make sure any changes you want to make to your business are done in the most effective way possible.

When restructuring employment, it's essential to treat staff fairly by following the legal requirements set by the government. Otherwise, you could face claims from your employees. This is where we can help. We understand that employment restructuring can be a difficult and emotional process - not just for those who are directly affected, but also for those who witness the changes taking place. Our team is here to help you manage this process effectively, and we will provide you with the resources and support you need every step of the way.

Tax disputes

If you or your business are in the midst of a taxation dispute in the UAE, LW Lawyers is here to provide you with the assistance and support that you need. The firm's tax and litigation experts are highly qualified to handle different types of taxation disputes AtLW Lawyers, we always go the extra mile to ensure that our clients' expectations are not only met, but surpassed. To do this, our team provides a bespoke service that is tailored to each individual client's needs and goals. In addition, our tax and litigation experts based in Dubai and the rest of the UAE have a reputation for being innovative, candid, and approachable all at the same time.

Trust services in UAE

Trusts have been used for centuries by wealthy families to protect their assets. The concept originated in the United Kingdom, but it quickly spread around the world. There is no provision for the formation of Trusts under Sharia Law in the UAE, but each emirate has its own set of rules.

Why establish a trust?

If you are a foreign investor wanting to establish a trust in Dubai, then you should definitely get in touch with our law office in Dubai for comprehensive assistance and legal guidance on this matter. Trusts in Dubai are incredibly beneficial for foreigners living in the Emirates who want to ensure their money is well-managed and will be passed on according to their stated wishes. Establishing a trust as part of your investment strategy can be especially beneficial if you are looking to develop businesses in the UAE. So don't hesitate to get in touch with us today to find out more about how we can help you!

Bounced cheques

Who is liable for corporate cheques?

Companies and partnership firms are not held liable when cheques they have issued are not cleared due to insufficient funds. Rather, the authorized signatory- which is often a co-owner, partner or manager- bears the criminal liability in this case. The private funds of other parties have no impact on the value of the cheque; however, the value may be realized through disposal of company assets.

If it's been proved that a cheque has bounced because of fraud committed by partners or owners, directors of the company could be taken to court. But if you've been wrongly accused, our specialist commercial transactions lawyers will do everything they can to defend you. Our cheque bounce lawyers are experienced in finding legal loopholes and will press all efforts in utilizing them to mitigate legal situations, regardless of whether accusations are true or there's substantial relevant evidence against you.

We have extensive experience in navigating the ever-changing UAE legislation, having successfully handled thousands of settlements and cases. Our attorneys are committed to staying up-to-date with new and existing legislation concerning cheques and other financial vehicles. Cases are always presented professionally, intelligently, and successfully.