Helpful Tips on How to Do Well in Binary Options

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Accordingly, the first step to getting started is to meet with the DWC Sales team and agree on the type, location and size of premises to be leased. There are two registration options: Provided that the security checks have been cleared and the application fee and all supporting documentation are present and correct, the registration and licensing process can be completed within as little as 1 day.

A Branch is a representative office of a legal entity which already exists outside of the DWC Free Zone local or international.

A Branch does not have a separate legal personality, and it derives its power and authority from the parent entity.

A Branch must have a General Manager who is responsible for the day-to-day operation of the Branch, but it will not have a board of directors options trading in dubai legal company secretary. A Branch must retain the same name as the parent entity and end with the designation Branch. A DWC limited liability company is a new legal entity with its own legal personality.

The liability of its members shareholders is limited to the value of the share capital they hold in the company. Options trading in dubai legal, Directors and the Company Secretary can be located anywhere in the world. If the capital is AED 1, or more, then a proof of capital is required.

The consideration for which a share in a Free Zone Establishment is issued may take the form of cash or non cash consideration. The Branch must be immediately related to the existing entity. A Branch cannot undertake any business activity which the existing entity options trading in dubai legal not already authorised to undertake. Commercial Licence — allows the holder to carry out specified commercial services including general trading and logistics services; Service Licence — allows the holder to carry out services specified in the Licence within the DWC Free Zone and elsewhere in the UAE; Industrial Licence — allows the holder to carry out specified light manufacturing activities; and Education Licence — allows the holder to carry out educational and social services, educational aid training, and educational consultancy services; Please refer to DWC Free Zone and Administration Rules and Regulations on this site under Commercial Business for a detailed description of these licences.

A trading activity and a service activity cannot be issued under the same licence. Yes, in limited cases. For example, a company with a service license could provide consultancy services to clients outside of the DWC Free Zone and a company providing logistics services under a commercial licence could pick up and deliver but not sell products within the UAE.

However, trading activities under a commercial license only permit the holder to sell completed products in the UAE market through a local registered distributor or a commercial agent in the UAE. Different restrictions apply on different licence categories. Leasing and investment activities are only permitted within DWC.

DWC has a wide range of products from the business centre upward that will suit different types of business needs. To qualify for and to hold a licence, the applicant must be in possession of a valid lease for office space, warehouse space, or development land within options trading in dubai legal DWC Free Zone or have a service contract with the DWC Business Centre.

Only if a change in ownership triggered a change of name, registered office or a change in the business activities of the parent entity would this need to be notified. The form for such changes can be found on this site under Commercial Business. A change in ownership must be notified to the Free Zone Administration Department. Options trading in dubai legal confirm the transfer of shares from the original owner transferor to the new owner transfereethe following must be submitted along with a covering letter to the Free Zone Administration Department: This responsibility usually falls to the Company Secretary, although the Board of Directors can resolve to appoint an alternate person or professional third party, options trading in dubai legal as a lawyer, to handle the filing.

A change in ownership will have no legal effect until the Free Zone Register has been updated with the details of the new owner, even if consideration has already been exchanged in respect of the transfer or sale of shares. The fees for a change of ownership are currently AED 2, payable in advance. All amendments related to the licence i.

We strongly options trading in dubai legal that professional advice is taken in respect of any share sale or transfer. The Board Resolution needs to confirm the names of the transferor and the transferee and the number of shares being transferred or purchased, and refer to and approve the instrument of transfer i. The Board Resolution also needs to instruct and authorise the Company Secretary or other third party to handle the filing and processing of the transfer with the Free Zone Administration Department.

If a transfer has been registered by the Free Zone Administration Department and pre-emption options trading in dubai legal have not been followed, the transfer can be challenged by the existing shareholders lodging a complaint in writing with the Free Zone Administration Department.

The Amendments need to reflect the change of ownership of the company, stating the names, addresses and shareholding of all shareholders after the transfer.

The Amendments must also be signed by each shareholder, confirming their agreement to the amended documents. The Free Zone Administration Department will cancel the original share certificate and issue a new share certificate in the name of the new owner, and stamp and seal the Amendments to the Memorandum and Articles of Association. The change of ownership is legally effective as soon as the Free Zone Register has been updated.

If the transferor is listed as an Officer of the company i. However, all amendments will be subject to review and approval of the Free Zone Administration Department, and this could delay the time it takes to process a registration. Audited financial statements must be submitted annually. Notarisation authenticates signatures that appear on a document. The Notary Public will insist on witnessing the signature and any supporting documents which certify the identity of the signatory such as a passport.

In the event that the document is being signed on behalf of a company, the Notary may need to see evidence that proves the individual signing is authorised to do so by the company.

Attestation can be best described as the process whereby a document is certified to give it legal standing internationally, which is why this process is also occasionally referred to as options trading in dubai legal or an apostille. Please refer to the requirement checklist. We provide certified true copies of corporate documents eg.

Certificate of Incorporation, Trade Licence etc. We also provided confirmation of basic register information such as the name and address of the FZE, directors and other officers upon request of the FZE. However, we do not notarise Board Resolutions, Powers of Attorney or similar documents. A registered office can be a location anywhere in the world, however, it should be a location from which correspondence is easily retrieved.

All correspondence delivered to a registered address will be deemed validly served and notified provided proof of delivery exists. We options trading in dubai legal documents and application forms completed in English or in Arabic only. The cost of first registration are included in the license fee please see below. The fees for all licences except General Trading are currently AED 10, per annum, per licence, payable in advance.

All DWC Free Zone administration fees are payable in advance in accordance with the rates and charges set out in the Tariff in force from time to time. Payments can be made in cash or cheque at the Free Zone Administration counter or by bank transfer in local currency to the following account: Sheikh Maktoum bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai has issued the law number 4 for on levying an additional fee on each transaction at government, quasi-government or public entity.

The third article of the law provides for collecting an additional fee of 10 Dirhams, thereinafter called options trading in dubai legal 'Knowledge Dirham' for each transaction done at any public department of the emirate. According to the law, proceedings from the 'Knowledge Dirham' fee shall be deposited in a special local bank account in the name of Dubai Executive Council. The Council, as per the law, shall allocate an annual budget to support social and cultural development initiatives based on the proceedings.

Emirates Post are offering P. Box services tailored to meet your needs. Please check their website options trading in dubai legal However, there is a plan to open a branch within DWC in the near future. The closest is Jebel Ali Post Office which is open from 7: For all queries, you may contact the Call Centre on 5 from 7: You have to submit options trading in dubai legal Emirates Post a completed Corporate application form which can be downloaded from http: You can get the fee structure by calling the Emirates Post Call Centre, or visiting their branch or website http: No, we do not provide template employment contracts.

The terms and conditions of employment contracts are a matter of negotiation and agreement between the employer and the employee. Development Regulations and Guidelines are available here. Thank you for visiting the Dubai South website. If you have any questions, would like to arrange a visit or speak with an executive, please use the form below to options trading in dubai legal in touch with us.

Within UAE toll free: Kindly provide your information and we will attend your request within 2 working days. Thank you for registering with us One of our representatives will contact you soon.

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The provisions of this Law shall apply to traders, as well as to all commercial activities carried out by any person even though he be not a trader. Commercial matters regarding which Specific Federal Laws are enacted shall be subject to the provisions of such laws, and to the provisions hereof which do not contradict with said laws.

The following activities shall, by virtue of their nature, be considered as commercial activities:. The following activities shall be considered as commercial activities if practiced as a profession: Activities which may be deemed to be analogous to the activities herein mentioned in the above two articles, due to the similarity of their qualities and objectives shall be considered as commercial activities.

An artwork made and sold by the artist himself, or by using the services of workers, shall not be deemed to be a commercial activity the same applying to an another printing and selling his work. Where a contract is commercial with regard to one party and civil to the other party, the provisions hereof shall apply to the obligations of both parties unless the laws states otherwise or there is an agreement between the parties to the contrary.

Any person who announces to the public, by any means, about business premises established by him for commerce, shall be deemed a trader even if he does not take on trade as his normal profession.

The capacity of trader shall be established in respect of any person who practices commerce under a pseudonym or under the cover of another person's name. The person whose name is apparent shall also be established to have the capacity of trader. Any person who carries out a commercial activity although prohibited under specific laws or regulations from practicing trade, shall be deemed a trader and shall be governed by the provisions hereof. The capacity of trader shall not be established to the State Ministries, Departments, Public Authorities and Corporations, as well as Public Benefit Authorities and Establishments, Associations and Clubs, and those persons who practice free professions excluding commercial activities.

However, commercial activities carried out by such entities shall be governed by this Law except if excluded by virtue of a specific text. The capacity of trader is established in respect of trade companies formed, owned or portions owned by the State or public entities and corporations and they shall be governed by the provisions hereof except where otherwise excluded by a specific provision.

Any order issued by the Court to continue with the business of the minor or the legally incompetent person, or to withdraw or limit the authority, must be entered in the Commercial Register and published in two arabic dailies issued in the State. Where the Court orders the continuance of the business of the minor or the legally incompetent person, he shall be liable only to the extent of the funds invested in such commerce.

He may be declared bankrupt but the bankruptcy shall not include funds which are not invested in the business nor shall it have any effect with regard to the minor or the legally incompetent person. Any dealings formalities undertaken by the trader in connection with his trade may not be accepted by the specialized authorities, unless such trader is entered in the Commercial Register.

The trader must keep exact copies of the originals of all correspondence, telegrams and invoices sent or issued by him for the purpose of his commercial activities; and further he must keep all incoming correspondence, telegrams, invoices and other documents related to his trade. All such papers shall be kept in an orderly fashion that facilitates reference thereto and for a minimum period of five years from the date of issue or receipt.

The trader or his heirs should keep the commercial books and the documents supporting the entries made therein for a minimum period of five years to run from the date of marking up the book when all its pages are filled up. Such micro films shall constitute the same evidence as the original provided that the rules organizing use thereof for the purpose of this Article shall be set by the Minister of Economy and Commerce, and said banks, companies and establishments shall be bound to comply with such rules.

The Court may, of its own record or at the request of either litigant, order the trader to produce his commercial books to extract therefrom what is of relevance to the conflict referred to such Court; and the latter should get peruse directly peruse such books, or through an expert appointed by it to that effect.

The commercial books kept by the traders may be used as evidence in the cases lodged by or against them if such cases are related to their commercial activities and according to following rules: Traders using computers or other modern technological equipment in the organization of their trading activities, shall be excluded from the provisions of Articles 26,27,28,29 of this Law.

The data obtained from such computer or other high tech methods shall be considered as commercial books and general rules shall be set by a resolution of the Minister of Economy and Commerce to regulate the use of such data. A business premise constitutes a group of tangible and intangible assets allocated for the practice of commercial activities. In the event where the trader is the owner of the real estate in which he practices his trade, such estate shall not be considered as an element of the business premises and any provision to the contrary shall not be valid.

Any action dealing with the transfer of the ownership of the business premises or the creation a real right thereon, shall not be valid unless it is attested and authenticated by the Notary Public and entered in the Commercial Register.

Out of any sum paid on account of the price, the price of the goods shall be deducted first, then the price of the equipment, then that of the intangible elements, even if there is an agreement to the contrary. The disposal of the business premises shall only be entered after finalization of the following formalities:.

As an exception to the bankruptcy provisions, the seller of a business premise who did not receive the full price, may protest to the group of creditors in the purchaser's bankruptcy and exercise his right to rescind the sale contract of the business premises, to redeem this latter or his right of lien if he reserved for himself such right in the sale contract, and if such right of lien was published in the newspapers.

The mortgagee shall be held responsible to keep the mortgaged business premises in good condition. The seller, as well as the mortgagors, shall have the same rights and privileges over the sums resulting from the insurance as those which they had over the insured items, provided it has been established that such sums have matured.

The lessor of the place wherein lies the mortgaged furniture and equipment being used for exploiting the business premises, may not exercise his privileges for more than two years.

However, it may consist of an innovated nomenclature. Trade names of commercial companies shall be in compliance with the specific and relevant provisions. A trade name shall be entered in the Commercial Register in accordance with the provisions stipulated to that effect. Once registered, no other trader may use such name for his trade which is of a similar kind. A trader may not disclose such matters as are inconsistent with the reality regarding the origin or description of his goods, or any other matters pertaining to their nature or importance.

A trader may not resort to fraud and cheating when marketing his goods, nor may he spread or publish false particulars tending to be prejudicial to the interests of another competitor trader; in default he shall be liable for damages. A trader may not issue to an ex-employee or ex-worker a certificate that is inconsistent with the reality, otherwise he shall be liable to compensate the damages caused to any other trader who was mislead by such certificate. Any person engaged in the business of supplying information to commercial houses about the conditions of trade, who knowingly or through gross negligence supplies untrue statements about the behavior or financial standing of a trader, shall be liable to compensate such damages which may result therefrom.

The foregoing provisions shall be without prejudice to any other punishments stipulated by other laws concerning the commitment of the acts mentioned in such provisions. A guarantee shall be commercial if the guarantor has guaranteed a debt which is deemed in regard to the debtor to be commercial unless otherwise provided for by law or agreement, or if the guarantor is a trader and has an interest in guaranteeing the debt.

In a commercial guarantee, the guarantors shall be jointly liable with each other and with the debtor. Where a trader carries on, for a third party, such business or services as are related to his commercial activities, he shall be deemed to have done so in return of a consideration, save where it is established otherwise; such consideration shall be determined according to the custom and in the absence of such custom, it shall be determined by the Court.

A creditor is entitled to receive interest on a commercial loan as per the rate of interest stipulated in the contract. Where the contract stipulates the rate of interest and the debtor delays payment, the delay interest shall be calculated on basis of the agreed rate until full settlement. The interest shall be paid at the end of the year if the loan is for one or more years, or on the maturity date of the debt if the loan period is less than one year, unless the commercial or banking practice requires otherwise.

Where the loan is for a specified term, the creditor shall not be bound to accept payment prematurely, unless the debtor pays the interest which accrues for the remaining period of the loan term, save where both parties agree otherwise.

Demands and authorizations issued by a trader for matters related to his commercial activities shall not lapse upon his death. Nevertheless, his heirs may cancel same if they decide to discontinue the trade, and in such a case they shall not be deserving of any compensation if they notify in due time that who has contracted with the intestate or legator of notify their wish to cancel such demands and authorizations. A creditor may not be compelled to accept performance of a contract for the performance of which a term has been fixed, after the expiry of such term and if the debtor fails to perform within the specified term, unless there is an agreement to the contrary.

Where the debt is deferred and the debtor offers to settle it before its maturity, he may not upon payment deduct a part of it therefrom except with the creditor's consent, unless it is otherwise provided for by law or agreement.

Where either contracting party reserves the right to rescind the contract before execution has commenced, such party shall forfeit his right of rescission if he performs his obligations under the contract or if he consents to the other party's performance of his obligations.

Excuses and notices in commercial matters shall be through the notary public, by registered letter with acknowledgement of receipt or by cable. Courts may nor grant a debtor, who is under a commercial obligation a respite for payment nor may they make same payable by installments except with the creditor's consent or under general exceptional circumstances. Where the debtor settles a commercial debt to the person holding the instrument of such debt marked with acquittal or to the person holding an acquittal from the creditor, he shall be discharged from the debt.

Where the commercial obligation is a sum of money which was known when the obligation arose and the debtor delays payment thereof, he shall be bound to pay to the creditors as compensation for the delay, the interest fixed in Articles 76 and 77 , unless otherwise agreed. Interests for delay of payment of commercial debts shall accrue on mere maturity of such debts, unless it is otherwise provided for by law or agreement.

The possession by the debtor of the instrument of the debt constitutes a presumption that he has been discharged of the debt, until otherwise established. Commercial obligation, whatever their amount, should be proved by all means of evidence, unless otherwise provided for by law or otherwise stipulated in the agreement. The obligations of traders towards each other and concerning their commercial activities, shall not be hard when there is The general provisions stipulated in this chapter shall not apply to sales, concluded between traders concerning their trading affairs, unless it is otherwise stipulated.

Where the two contracting parties fail to fix the price, the sale shall be concluded at the price reckoned in their dealings, and if there were no previous dealing between them, then at the prevailing price in the market; all this unless it has been revealed from the Where both contracting parties agree that the sale price shall be at the market rate, then the The two contracting parties may agree to delegate a third party to fix the price of the item being sold.

However, if such party fails to fix the price within the prescribed term or within a convenient period and if no prescribed term was stipulated, then the then current market price shall be applied on the date and at the venue where the contract was concluded.

Where the price is estimated on the basis of the weight, it shall mean the net weight, unless there is an agreement or custom to the contrary. Any shortage occurring to the sold item upon its delivery shall not be taken into consideration if custom allows such shortage. Where the vendor fails to deliver the specific item sold, the purchaser may serve notice on the vendor insisting on performance within a suitable term.

Where the vendor fails to perform that obligation, the purchaser shall have an option either to apply to the Court for order to compel the vendor to an execution in kind by delivering to him the sold item - if possible - with payment of damages if necessitated, or to consider the contract rescinded and claim for damages if necessited, or to buy at vendor's expense an object similar to the item sold and claim from him the difference between the price agreed upon and the price paid by him in good faith to obtain such object.

Where the sale relates to an item having a known price in the market, the purchaser may claim from the vendor the difference between the price agreed and the market price on the date fixed for delivery, even though he did not buy an object similar to the item sold.

Where the two contracting parties agree that the sold item be delivered is batches, the purchaser may ask for the rescission of the contract if the vendor fails to deliver any of the batches on the fixed date.

However, such rescission shall not apply to the batches already delivered, except where the purchaser sustains heavy damages due to the division of the item sold.

Where the purchaser does not pay the price on the date agreed upon, the vendor may, after serving notice to the purchaser, re-sell the goods. If the goods are sold in good faith at a price less than the price agreed upon, the vendor shall be entitled to claim from the purchaser the price difference. Furthermore, if the goods have a known price in the market, the vendor may claim from the purchaser the difference between the price agreed upon and the market price on the date fixed for payment of the price, even though the sale did not effectively take place.

Save where an agreement or custom stipulates the rescission, if the quantity or type of the goods delivered is different from that agreed, or if the goods are defective, the purchaser may not apply for rescission of the contract unless the difference is so great as to render the goods delivered unsuitable for the purpose for which they were to be used, or difficult to be marketed.

The Court may further, upon rejecting the application for rescission of the contract, decide to reduce or complement the price, depending on the deficiency or excess in quantity, the discrepancy in type or the degree of defect.

It is not permissible to agree in supply contracts where the supplier grants certain advantages to the purchaser, to present the latter from buying similar goods to the item sold from another supplier during a period of five years from the date of agreement. Any agreement on a longer period shall be reduced to five years. The contract of a sale by installment shall be executed in two copies and shall state the particulars which identify and determine the item sold, as well as the price, the period and conditions of the installment.

The seller should handing the buyer one copy of said contract. The installments shall be paid at the place of residence of the seller, as stated in the contract, unless otherwise agreed upon. Where the installments are collected from the purchaser's place of residence, the purchaser may not charge additional expenses, and acquittance of any installments shall be deemed a quitclaim of all the previous installments unless thee is an evidence to the contrary.

An agreement that the full price shall fall due, in case one of the installments is not paid on the maturity date, shall only be valid if the buyer fails to pay even though notice is served and seven days have lapsed from the date of notification. Where the third party's right is subsequent to the sale by installment contract, the provision related to the retention of ownership may apply to such third party, if the said provision is made in writing in an agreement having a fixed date and prior to the execution proceedings undertaken by the creditors on the item sold.

A purchaser may not dispose of the item sold before he has paid all installments, save where the seller agrees to this in writing. Any disposal by the buyer in violation of this provision, shall not apply to the seller, unless the third party proves his good will, in which case the remaining installments shall fall due.

The provisions of the preceding Articles regarding sales by installment, shall apply even if the contracting parties have termed the sale as a lease. Where the initial estimation of the second-hand goods offered for sale at a public auction exceeds the amount of Dhs , Two Hundred Thousand Dirhams , the appraiser shall publish the same in one daily or more - one of which in Arabic - issued in the State, seven days at least prior to the sale, and he shall fix one day before the sale date for inspection of the goods offered.

The hall owner or the appraiser, as the case may be, shall for the fee or commission to which he is entitled, have a right of lien over the price of the item he is selling at the public auction. A decision of the Minister of Economy and Commerce, in consultation with the local specialized authorities shall be issued for the organization of the practice of the profession of appraisers.

Without compliance with any severer punishment stipulated in another law, any person violating the provisions of such decision, shall be inflicted to pay a fine not exceeding 5, Five Thousand Dirhams. In all cases, the judge shall order that the office or hall be closed, and the billboards and panels which the violator had used be removed.

Such Court order shall be published at the sentenced party's expense, in two Arabic dailies issued in the State. Commercial stores shall be prohibited from selling their goods at public auction, except in one of the following cases and after obtaining the necessary authorization from the local authorities:.