Motei & Associates

Motei & Associates - Law Firm in Dubai

Motei & Associates – the go-to legal consultants in Dubai that cuts through legal complexities and delivers effective advocacies.

Damac Executive Heights - Office 801
Dubai
United Arab Emirates

Tel:+971 4 435 5959

Email:contact@motei.com

Web:

New Simplified Wills for Business Owners in the UAE - Motei & Associates | Law Firms in Dubai | +971 4 435 5959
New Simplified Wills for Business Owners in the UAE
September 16, 2018

The Dubai International Finance Centre (DIFC) recently launched a portal through the DIFC Wills Service Centre, called the Business Owners Will, where the business owners may register their will for various shareholdings they hold in the companies formed in the Emirate of Dubai or the Emirate of Ras Al Khaimah.

A business owner can now submit the registration of his will covering up to five (5) separate shareholdings that is owned in any free zone and onshore companies. This also includes shareholding in the companies registered with Ras Al Khaimah International Corporate Centre (RAK ICC). This Will shall replace the Free Zone Companies Will as it was only applicable to shares held only in the free zones.

The business owners must meet the following requirements:

  1. The business owner must not be Muslim and never have been Muslim
  2. The business owner must be over 21 years of age
  3. The shares are held in free zone companies, onshore companies, RAK ICC Companies, and
  4. The Companies are situated in the emirate of Dubai or the Emirate of Ras Al Khaimah, and is formed in accordance with UAE laws

Location Map

Location Map

Reach Us

For Initial Consultation Meeting,
Telephone: +971 4 435 5959
Fax: +971 4 435 5858
Skype: motei.office

Damac Executive Heights (TECOM)
Office No. 801, 8th Floor
P.O. Box: 112888
Dubai, UAE

Quick Inquiry

captcha

Affiliated Sites

  • The Legal 500
  • Judicare
  • Egyptian Junior Business Association
  • HG.org
  • Chartered Institute of Arbitrators (CIArb)
  • International Chamber of Commerce (ICC)