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Business Articles Of Association Template for United Arab Emirates

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Key Requirements PROMPT example:

Business Articles Of Association

"I need Business Articles of Association for a UAE-based technology consulting company to be established in March 2025, with two international shareholders (60-40 split) and specific provisions for intellectual property protection and employee share options."

Document background
Business Articles of Association are mandatory for company incorporation in the UAE and serve as the primary constitutional document defining a company's internal governance framework. This document is required under UAE Federal Law No. 2 of 2015 and must be executed before the relevant authorities, including the Department of Economic Development and Notary Public. The Articles of Association outline essential aspects such as shareholding structure, management provisions, shareholder rights, and operational procedures. They must reflect both mandatory UAE legal requirements and any specific arrangements agreed between shareholders, while ensuring compliance with foreign ownership restrictions and local corporate regulations.
Suggested Sections

1. Introduction: Company name, legal form, and founding shareholders' details

2. Definitions and Interpretation: Key terms used throughout the document and rules for interpretation

3. Formation of the Company: Declaration of company establishment and its legal form

4. Name and Head Office: Official company name and registered office location

5. Objects of the Company: Detailed description of permitted business activities

6. Duration: Term of the company's existence

7. Share Capital: Capital structure, value and number of shares

8. Share Transfer and Pre-emption Rights: Rules and procedures for transfer of shares

9. Management of the Company: Management structure, appointment of managers/directors

10. Shareholders' Meetings: Procedures for general assemblies and voting rights

11. Financial Affairs: Financial year, accounts, auditing requirements

12. Dissolution and Liquidation: Procedures for company dissolution and asset distribution

Optional Sections

1. Board of Directors: Required for larger companies or when opting for a board structure instead of managers

2. Executive Committee: For companies wanting an additional management layer between board and executives

3. Reserved Matters: List of decisions requiring special majority or unanimous approval

4. Tag Along and Drag Along Rights: Additional share transfer provisions for investor protection

5. Dividend Policy: Specific rules for profit distribution if different from standard provisions

6. Non-Competition: Restrictions on shareholders' competing activities

7. Deadlock Resolution: Procedures for resolving shareholder disputes in 50-50 ownership structures

Suggested Schedules

1. Schedule 1 - Details of Shareholders: Complete information about initial shareholders including shares owned

2. Schedule 2 - Share Capital Structure: Detailed breakdown of share classes and rights

3. Schedule 3 - Reserved Matters: Comprehensive list of decisions requiring special approval

4. Schedule 4 - Company Objects: Detailed list of permitted business activities

5. Appendix A - Initial Business Plan: First-year operational and financial projections

6. Appendix B - Shareholders' Contact Information: Communication details for official notices

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions














































Clauses








































Relevant Industries

Financial Services

Technology

Real Estate

Manufacturing

Retail

Professional Services

Healthcare

Education

Construction

Hospitality

Trading

Logistics

Consulting

Media and Entertainment

Relevant Teams

Legal

Corporate Governance

Compliance

Finance

Executive Leadership

Board of Directors

Corporate Secretariat

Risk Management

Shareholder Relations

Business Development

Operations

Relevant Roles

CEO

Managing Director

Legal Counsel

Corporate Secretary

Chief Financial Officer

Compliance Officer

Board Director

Chairman

General Counsel

Corporate Governance Officer

Risk Manager

Business Development Manager

Operations Director

Shareholder Relations Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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