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Business Articles Of Incorporation
"I need Business Articles of Incorporation for a UAE-based technology consulting firm to be established in March 2025, with two international shareholders (60/40 split) and provisions for future employee stock options."
1. Company Name and Legal Form: Official company name in Arabic and English, and designation of legal form (LLC, Private Joint Stock, etc.)
2. Registered Office: Official registered address and principal place of business in the UAE
3. Company Objectives: Detailed description of permitted business activities and scope of operations
4. Duration: Term of the company's existence (typically unlimited unless specifically limited)
5. Capital Structure: Details of share capital, number and types of shares, and par value
6. Shareholders: Identity of founding shareholders and their respective shareholdings
7. Share Transfer Restrictions: Rules and procedures governing the transfer of shares
8. Management Structure: Composition and powers of the board of directors or managers
9. General Assembly: Rules for shareholder meetings, voting rights, and decision-making processes
10. Financial Year and Accounts: Specification of financial year and requirements for accounting records
11. Profit Distribution: Rules for distribution of profits and handling of losses
12. Dissolution and Liquidation: Procedures for company dissolution and asset distribution
1. Preemptive Rights: Additional provisions for existing shareholders' rights to purchase new shares - include when shareholders want enhanced protection
2. Tag-Along Rights: Rights of minority shareholders to join in sale of majority stake - relevant for companies with significant minority shareholders
3. Drag-Along Rights: Rights of majority shareholders to force minority shareholders to join in sale - useful for future exit planning
4. Non-Competition Provisions: Restrictions on shareholders' involvement in competing businesses - important for protecting company interests
5. Deadlock Resolution: Procedures for resolving shareholder disputes - crucial for 50/50 ownership structures
6. Intellectual Property Rights: Provisions regarding ownership and use of IP - important for technology or brand-focused companies
7. Employee Stock Option Plans: Framework for employee share ownership - relevant for startups or companies planning incentive schemes
1. Schedule 1 - Shareholder Details: Detailed information about shareholders including ID/passport numbers, addresses, and shareholding percentages
2. Schedule 2 - Share Capital Allocation: Detailed breakdown of share classes, numbers, and values
3. Schedule 3 - Licensed Activities: Complete list of licensed business activities with respective codes
4. Schedule 4 - Initial Board Members: Details of initial directors/managers including ID information and terms of appointment
5. Schedule 5 - Specimen Signatures: Authorized signatories and their specimen signatures
6. Appendix A - Powers of Attorney: Standard forms of power of attorney for company operations
7. Appendix B - Share Certificate Template: Template for share certificates to be issued to shareholders
Authors
Financial Services
Technology
Manufacturing
Retail
Professional Services
Healthcare
Real Estate
Construction
Tourism and Hospitality
Trading
Education
Media and Entertainment
Logistics and Transportation
Energy and Utilities
Telecommunications
Legal
Corporate Governance
Compliance
Finance
Executive Leadership
Business Development
Risk Management
Corporate Affairs
Company Secretariat
Investment
Operations
Chief Executive Officer
Chief Legal Officer
Company Secretary
Corporate Lawyer
Legal Counsel
Compliance Officer
Chief Financial Officer
Board Director
Managing Director
Corporate Governance Officer
Business Development Manager
Risk Manager
Investment Manager
Shareholders
Company Formation Specialist
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