Hiring Project | Position: Assistant Legal Officer

Varal 5.0 | Remote Working from Home Country [RWHC] | June 24, 2021 | Page 1/4

Project Scope Varal lives by it’s ‘The Key Initiatives’ [TKIs] ‘Goals’ and ‘Values’. Links
are provided below in the Resource Box.

It is mandatory to understand them as our automation philosophy

which will help you succeed at Varal.

Context:
Varal has been in the business of assisting businessmen set up their
companies in the UAE for the last 11 years. Clients pay us money to
register their UAE company and to provide related services.

Every service is fulfilled by delivering an “End Document” for it. Varal

bills the clients for the costs - government charges, Charges we pay to
other vendors for the client’s job and Varal’s own fees. Revenue is
generated by making a new company for the client and then renewing
its licence every year and other services when needed.

The costs in Varal are Salaries, software platforms subscriptions,

licences, administration and many other costs.

Varal has an accounts function that keeps the books using Quickbooks
software. All financial information is recorded there. Operational
information is kept by the concerned department.

Now Varal is planning to expand the business multifold both in volume

and in product variety. Aim is to make itself AED 3 million a month
business by using digital platforms and automation. One new digital
product is already on the anvil.

You are being hired to develop and implement a legal and regulatory
control system that will keep track of applicable laws and regulations
prevailing and emerging in the UAE and its provisions and their
impact on Varal, to analyse and meet the compliances of the
authorities.

Objective of this assignment:

1. Understand how familiar you are with the formats of the
Company legal documents
2. Evaluate the efficiency of finding the laws in the UAE
3. Find out how fluent you are in interpreting the laws and
regulations.
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Varal 5.0 | Remote Working from Home Country [RWHC] | June 24, 2021 | Page 2/4

4. Evaluate the productivity of the applicant in making due

diligence and helping the company to comply with the
regulatory authorities.

Assignment:

You are Required to do :

1. Prepare a Deed for the transfer of shares from one company to

another.
a. Assume that you are the legal officer drafting the deed
for the Buying Company
b. You are required to prepare a transfer deed to facilitate
the transfer of all the rights of one company to another.
c. All information related to the Companies and the transfer
of shares are given in the file - Share Transfer Data File.
d. You can make appropriate assumptions in drafting the
deed and it should be prepared in the letterhead of the
company.
e. The compliances of the Corporate Laws in the UAE have
to be referred while preparing the deed.

2. Study the Rules and Regulations related to Economic Substance

Regulations and Value Added Tax (VAT) laws in the UAE
a. Find and List the laws and regulations related to
Economic Substance Regulations and Value Added Tax
(VAT) laws in the UAE.
b. Make a list of 5 due diligence that the establishment/
varal has to follow for each of the regulations you listed
(in point a).
c. Make a list of practices and controls you will introduce for
the employees of Varal to follow, so that Varal do not
violate any of the above compliances.
d. What notifications and steps will you be taking? Show in a
tabular form with frequency.

3. You can take advantage of the resources given below.

 Hiring Project | Position: Assistant Legal Officer
Varal 5.0 | Remote Working from Home Country [RWHC] | June 24, 2021 | Page 3/4

Your presentation should include the following:

1. The original project described above to you: Please explain what

you understood by its scope, and about your role.
2. A comprehensive outline of the implementation plan of the
Compliances model that will convince us that the system will be
used to monitor in real time.
3. Attempt to provide details and answer the questions raised in
the assignment above that will show us that you understand the
concept of reporting budgeting and costing systems.

Suggestions ● The project should take you 4 to 8 hrs to complete. If it is taking

longer please talk to the resource person
● Take advantage of your resource person immediately with
questions
● Use this opportunity to find out whether you want to work with
Varal
● Show us that you can do what is required by us

When You will present your completed project during the final interview

Where Video call presentation via Google Meet. You will receive a calendar
invite with the date and time.

Who You will be presenting to Ravindr Deshpande [CEO] and to Ramapati

Singhania [MD]

How ● Submit your complete project the day before your presentation.
● Slide presentation with links to other documents or sheets if
required. Max of 18 slides. You will present in Google Meet.
● We suggest that you get familiar with Meet. Laptop works best.

Duration 30 min for Presentation, running your project and Questions & Answers
as part of final interview

Additional The Key Initiatives [TKIs]:

Varal https://drive.google.com/file/d/1BHuaFdrr7cGz-P88kUOjsqF_xvR2n4
Resource Hz/view?usp=sharing
links
Varal Values:
https://drive.google.com/file/d/1WOLzhRWN94ug9b1-Jca2CzVr0SZu6
qgA/view

Varal Mission:
To make it easy for people in the United Arab Emirates to apply to
institutions for a low fee via automation.
 Hiring Project | Position: Assistant Legal Officer
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Share Transfer Data File: Link

Ministry of Finance: www.mof.gov.ae

Federal Tax Authority : www.tax.gov.ae
Awareness to Business Laws : Link

Varal business websites:

www.varaluae.com, www.uaecompanyregistration.com

Resource 1. Ravindr Deshpande: ravindr@varaluae.com - USA till 28 July 21

Contacts: 2. Alen Philip : accounts2@varaluae.com - India
3. Grace Nocos : accounts1@varaluae.com - Philippines