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This amended MOA has been specifically drafted for a Limited Liability Company. The purpose of such amendment is to give full ownership of all shares in the company to a single shareholder, in accordance with Federal Decree-Law No. 32 of 2021 on Commercial Companies, which allowed foreign investors to own 100% of the share capital of limited liability companies as permitted by each Emirate.
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According to article 71(2) of the Federal Decree-Law No. 32 of 2021 on Commercial Companies, it is permissible for one physical or juristic person to incorporate and own a limited liability company. This MOA contains the following articles: 1. Definitions 2. Name of the Company 3. Head Office of the Company 4. Objects of the Company 5. Term of the Company 6. Capital of the Company 7. Transfer of Shares 8. Shareholder Register 9. General Manager 10. General Meetings 11. Financial Management and Financial Year 12. Allocation of Profits and Losses 13. The Auditor 14. Amendment of this Memorandum 15. Dissolution of the Company 16. Procedures for Winding up the Company 17. Governing Law 18. Jurisdiction 19. Miscellaneous Provisions 20. Notices 21. Copies |
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Use |
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This template is intended for use in the United Arab Emirates. |
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Before Execution |
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- The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only. - Please delete this front page together with the information contained in the headers, footers and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature. - Please remove the square brackets and all highlighting prior to signature. |
Disclaimer
This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.
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