How to get memorandum of association UAE? The company’s articles of association in the UAE are a very important legal document that defines the legal, financial and administrative framework of the company, and must include a set of basic data that guarantees the rights of all parties concerned. Therefore, POA&More experts explain to us how to get memorandum of association UAE.
What is a Memorandum of Association (MOA) in UAE?
The Memorandum of Association in the UAE is a basic legal document that sets out the terms and conditions that govern the relationship between partners or shareholders in a company. This memorandum is one of the basic requirements for officially registering a company in the UAE, and it contains vital information about the company.
Importance of Memorandum of Association
The articles of association are of great importance in the UAE. They are not just a legal document, but rather the foundation on which the company is based and regulates the relationships, rights, and obligations of the partners. Therefore, within the discussion of how to get a memorandum of association UAE? Here is the importance of the articles of association in the Emirates:
Legal basis of the company:
- The articles of association are the official document that defines the existence and legal form of the company.
- Without it, the company cannot legally operate in the Emirates.
Regulating relations between partners:
- The contract specifies the rights and duties of each partner, including their percentage of ownership in the company, voting rights, and how profits and losses are distributed.
- It helps avoid disputes and disagreements between partners in the future.
Defining the structure and management of the company:
- The contract explains how the company is managed, including the powers of managers, the decision-making mechanism, and meeting procedures.
- It defines the responsibilities and powers of each party, which helps the work run smoothly.
Protecting shareholders’ rights:
- The articles of association ensure the protection of the rights of all shareholders, whether they are founders or subsequent investors.
- It specifies mechanisms for resolving disputes and protecting minority rights.
Define the company’s activity:
- The contract specifies the nature of the business activity that the company will practice.
- Helps determine the necessary licenses and approvals from government entities.
Define the company’s capital:
The contract specifies the company’s capital and how it is distributed among the partners.
Helps determine the financial responsibility of each partner.
Facilitate government procedures:
- The articles of association are one of the basic documents required to register the company and obtain the necessary licenses.
- Helps facilitate government procedures and speed up the process of establishing the company.
Read more: Legal Documents Drafting and Notarization in Dubai
Clauses of Memorandum of Association (MOA)
For those looking for how to get memorandum of association UAE? The articles of association in the UAE differ according to the type of company (limited liability company, joint stock company, etc.) and the emirate in which it is established. However, when talking about how to get memorandum of association UAE, there are some basic articles that most articles of association share:
Company information:
- Company name: The company name must be unique and in compliance with applicable laws and regulations.
- Company headquarters: The address of the company’s headquarters in the UAE must be specified.
- Company purposes: The commercial activities that the company will practice must be specified.
- Company duration: The company can be of a fixed or indefinite duration.
Partners/founders information:
- Names of partners/founders: The full names of partners/founders must be mentioned.
- Nationality of partners/founders: The nationality of each partner/founder must be specified.
- Partners/founders’ shares: The share of each partner/founder in the company’s capital must be specified.
Company capital:
- Amount of capital: The amount of the company’s capital must be specified.
- Capital Distribution: How capital is distributed among partners/founders must be specified.
- How capital is paid: How capital is paid (cash, in-kind assets, etc.) must be specified.
Company Management:
- Formation of the Board of Directors: How the Board of Directors is formed must be specified (if appropriate).
- Powers of the Board of Directors: The powers of the Board of Directors must be specified.
- Appointment of the General Manager: How the General Manager and his powers must be specified.
Distribution of profits and losses:
- Profit distribution mechanism: The mechanism for distributing profits among partners/founders must be specified.
- Loss bearing: How losses are borne among partners/founders must be specified.
General Provisions:
- Applicable law: The law applicable to the Articles of Association must be specified.
- Dispute settlement: The mechanism for settling disputes that may arise between partners/founders must be specified.
- Amendment of the Articles of Association: How the Articles of Association must be amended must be specified.
How to get memorandum of association UAE?
How to get memorandum of association UAE? POA&More offers memorandum of association services a comprehensive range of services to facilitate the process of establishing companies in the UAE, so we explain in the following lines in detail how to get memorandum of association UAE? by POA&More:
Consulting and planning:
- Determining the type of business activity: The company helps you determine the business activity that best suits your goals and provides advice on the activities available in the UAE.
- Choosing the legal form: The company provides advice on the best legal form for your company (such as a limited liability company, a joint stock company, a branch of a foreign company, etc.) and explains the advantages and disadvantages of each form.
- Determining the location: The company helps you choose the appropriate location for your company, whether on the mainland or in one of the free zones.
- Determining the capital: The company provides advice on the minimum capital required and how to provide it.
- Preparing the business plan: The company helps you prepare a comprehensive business plan that includes the company’s goals, strategies, financial projections, and others.
Legal and administrative procedures:
- Registering the trade name: The company registers the trade name of your company with the competent authorities.
- Obtaining initial approvals: The company obtains the necessary initial approvals from government entities.
- Preparing the articles of association and bylaws: The company prepares the articles of association and bylaws for your company in accordance with applicable laws and regulations.
- Obtaining licenses and permits: The company obtains all the necessary licenses and permits to start your company’s business.
- Registering the company in the commercial register: The company registers your company in the commercial register with the competent authorities.
- Opening a bank account for the company: The company helps you open a bank account for the company in a local bank.
- Obtaining residence visas: The company helps you obtain residence visas for investors and employees.
Additional services:
- Accounting and auditing services: The company provides accounting and auditing services for companies.
- Public relations and marketing services: The company provides public relations and marketing services for companies.
- Translation services: The company provides legal and commercial translation services.
Purpose of MOA in UAE
For anyone looking for how to get memorandum of association UAE? The articles of association in the UAE are considered a basic legal document that regulates the process of establishing companies and defines the legal framework governing their work. Here are the most important purposes of the articles of association:
Determining the identity of the company:
- The articles of association define the name of the company, its headquarters, its objectives, and the nature of its activities.
- Ensures that the company name is unique and does not conflict with the names of other registered companies.
Determining the company structure:
- The articles of association clarify the structure of the company, including the distribution of shares or stocks among shareholders, the appointment of management, and financial and administrative responsibilities.
- Determines the specific capital for establishing the company and how it is divided among shareholders.
Determining the relationship between partners:
- The articles of association define the relationship between partners and their rights and duties.
- Clarifies how decisions are made within the company, resolving disputes, and plans for distributing profits and losses.
Ensuring legal compliance:
- The articles of association ensure that all company activities are in compliance with the laws and regulations in force in the UAE.
- Determines the responsibilities and obligations of shareholders to ensure compliance with legal standards.
Protecting the rights of parties:
The articles of association help protect the rights of all parties involved in the business by clearly defining the role and responsibilities of each shareholder, which enhances transparency and prevents disputes.
Getting legal recognition:
In the UAE, having an articles of association is a mandatory requirement to obtain legal recognition. Without an articles of association, a company cannot be registered or obtain a trade license.
In general, for anyone looking for how to get memorandum of association UAE, the articles of association are the constitution of the company, defining its rules of operation and ensuring its continuity in a legal and sound manner.
How much is the Memorandum of Association fee in UAE?
For anyone looking for how to get memorandum of association UAE? The fees for the articles of association in the UAE vary based on several factors, including:
- Fees vary between limited liability companies, public and private joint stock companies, and others.
- Fees also vary between companies operating in free zones and companies operating on the mainland.
- Fees vary from one emirate to another in the UAE.
- The value of the paid-up capital may affect the fees.
- There are additional fees for some services such as notary public dubai fees and licensing fees.
Advantages of POA&More Company to obtain a company establishment contract in the UAE
How to get memorandum of association UAE? POA&More POA Dubai offers a range of benefits to facilitate the process of establishing your company in the UAE, including:
Experience and knowledge:
- The company has extensive experience in establishing companies in the UAE, which enables it to provide accurate and reliable advice.
- The company ensures that you are fully aware of local laws and regulations, which saves you from making legal mistakes.
Save time and effort:
- The company handles all the procedures necessary to establish your company, which saves you time and effort.
- The company helps you prepare all the required documents and submit them to the relevant government entities.
Comprehensive services:
- The company provides a comprehensive range of services, including choosing the type of company, preparing the articles of association, and obtaining the necessary licenses.
- The company helps you open a bank account for the company and obtain work visas.
Transparency and credibility:
- The company is committed to transparency and credibility in all its dealings with customers.
- The company provides you with clear and detailed information about all fees and costs related to establishing your company.
Continuous Support:
- The company provides you with continuous support throughout the period of establishing your company and beyond.
- The company helps you solve any problems or difficulties you may encounter.
Finally, we talked about How to get memorandum of association UAE, as POA&More aims to simplify the process of establishing companies in the Emirates, and provide a smooth and comfortable experience for its customers.
Frequently asked questions
How to get memorandum of association uae online?
How to get memorandum of association UAE? You can obtain a company incorporation contract in the UAE through POA&More by following these steps:
Contact POA&More:
- Contact POA&More through their available communication channels, such as phone, email, or website.
- Explain to them the nature of your business and the type of company you wish to establish in the UAE.
Submit the required documents:
- POA&More will ask you to submit a set of necessary documents, which may vary depending on the type of company and the emirate in which you wish to establish it.
- These documents usually include copies of passports, residence visas, business plans, and other relevant documents.
Choosing the legal form of the company:
- POA&More will help you choose the most appropriate legal form for your company, such as a limited liability company or a joint stock company.
- The advantages and disadvantages of each legal form will be explained to help you make the right decision.
Drafting the articles of association:
- POA&More will draft the articles of association of the company based on the information and documents you have provided.
- The Articles of Association will include all the details related to the company, such as the company name, objectives, capital, profit distribution, and other essential items.
Notarization of the Articles of Association:
- POA&More will assist you in authenticating the Articles of Association with the relevant government authorities in the UAE.
- This may require a visit to the notary public or the Department of Economic Development in the relevant emirate.
Receiving the Articles of Association:
After completing all the procedures, you will receive a certified copy of your company’s Articles of Association.
How to download memorandum of association UAE?
How to get memorandum of association UAE? The contract of incorporation of a company in the UAE can be downloaded by following these steps:
Obtaining a copy of the contract of incorporation:
- A copy of the contract of incorporation can be obtained by accessing the Ministry of Economy website through the digital identity, requesting the service, and paying the necessary fees to obtain this document.
- A true copy of the documents of private joint-stock companies can be obtained by accessing the Ministry of Economy website through the digital identity, requesting the service, and paying the necessary fees to obtain this document.
Establishing a business online:
How to get memorandum of association UAE? The federal government provides the “Bashar” service for establishing businesses, which is an integrated electronic service that allows investors to establish companies in the UAE electronically through an integrated electronic platform integrated with the local and federal government departments and entities concerned with licensing economic activities in the country in just minutes using a quick, easy, and secure procedure.
