Memorandum of Association - Limited Liability Company (More than one partner)

Document Summary

This MOA is used to establish a limited liability company with more than one partner. It sets out essential details such as the shareholder details, share capital, shareholding, and objects of the company.

Description

According to article 15 of the Federal Decree-Law No. 32/2021 on Commercial Companies A Company’s Memorandum of Association and any amendment thereto must be registered in the Commercial Register with the competent authority to be effective.

However, if the Memorandum is not registered it is considered to be ineffective against third parties.

Furthermore, Companies must notify the competent authority and the Registrar in writing within 15 working days of any amendment or change in the registered particulars of the company, including the name, address, share capital, number of shareholders or legal status.

This MOA contains the following articles:

1. Preamble   
2. Definitions
3. Form and Nationality of the Company
4. Name of the Company
5. Object of the Company
6. The Company Address & the Head Office
7. Duration of the Company
8. The Capital of the Company
9. Increase & Reduction in Share Capital
10. Transfer of Shares
11. Register of Partners
12. Management of the Company
13. Financial Management
14. General Assembly
15. The Financial Year
16. Profits and Losses Distribution
17. The Company Auditor
18. Variation of this Memorandum
19. Dissolution of the Company
20. Liquidation of the Company
21. Notices
22. Miscellaneous
23. Disputes
24. Counterparts

Jurisdiction

This document is intended for use in the United Arab Emirates.

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.

Before Execution

• 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.