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Memorandum And Articles Of Association Of General Trading Company

Memorandum And Articles Of Association Of General Trading Company Template for United Arab Emirates

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Memorandum And Articles Of Association Of General Trading Company

"I need a Memorandum and Articles of Association of General Trading Company for a UAE mainland company to be established by March 2025, with 70% foreign ownership and 30% local ownership, focusing on import/export of industrial equipment and including specific provisions for international trade operations and branch offices in multiple emirates."

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Document background
The Memorandum and Articles of Association of General Trading Company is a mandatory document required for establishing a trading company in the United Arab Emirates. This document is essential when founding a new trading entity or restructuring an existing one, particularly following the UAE's recent legislative changes allowing 100% foreign ownership. It must comply with UAE Federal Law No. 2 of 2015 (Commercial Companies Law) and its amendments, while addressing specific requirements for trading activities. The document contains crucial information about company structure, shareholding, management, operational framework, and decision-making processes. It serves as the primary reference for resolving disputes, guiding corporate governance, and ensuring compliance with local regulations. This document is particularly important in the UAE context where trading companies must navigate both federal and emirate-specific requirements while maintaining alignment with Islamic business principles.
Suggested Sections

1. Parties: Details of all founding shareholders/partners, including full names, nationalities, passport details, and addresses

2. Background: Intent to establish the company and agreement to be bound by the provisions of this MOA

3. Definitions: Definitions of key terms used throughout the document

4. Company Name and Legal Form: Official company name in Arabic and English, and specification of legal form as LLC

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

6. Head Office: Principal place of business and provisions for branches

7. Duration: Term of the company's existence (typically unlimited)

8. Capital Structure: Share capital amount, number of shares, and value per share

9. Shareholding Distribution: Allocation of shares among partners/shareholders with percentages

10. Management Structure: Appointment of managers, powers, and limitations

11. General Assembly: Procedures for shareholder meetings, voting rights, and decision-making

12. Financial Affairs: Financial year, accounts, auditing requirements, and profit distribution

13. Dissolution and Liquidation: Circumstances and procedures for company dissolution

Optional Sections

1. Pre-emptive Rights: Used when shareholders want specific rights for purchase of shares before offering to third parties

2. Tag-Along Rights: Include when minority shareholders need protection in case of majority stake sale

3. Drag-Along Rights: Include when majority shareholders want power to force minority participation in sale

4. Non-Competition: Used when restrictions on shareholders' competing activities are required

5. Deadlock Resolution: Include when equal shareholding exists to address potential voting deadlocks

6. Intellectual Property Rights: Include when company expects to develop or hold significant IP assets

7. Reserved Matters: Used when certain decisions require special majority or unanimous approval

Suggested Schedules

1. Share Capital Details: Detailed breakdown of shareholding structure and share classes

2. Trading License: Copy of initial trading license and permitted activities

3. Shareholders' Contact Information: Detailed contact information and notice addresses for all shareholders

4. Management Structure Chart: Organizational chart showing management hierarchy and reporting lines

5. List of Branches: Details of any existing or planned branch locations

6. Powers of Attorney: Standard forms of power of attorney for company operations

7. Initial Business Plan: Overview of intended business operations and targets

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions













































Clauses













































Relevant Industries

General Trading

Import/Export

Retail

Wholesale

Distribution

Commercial Services

International Trade

Consumer Goods

Industrial Products

Commodities Trading

E-commerce

Relevant Teams

Legal

Compliance

Corporate Governance

Finance

Operations

Commercial

Business Development

Risk Management

Corporate Affairs

Administrative

Relevant Roles

CEO

Managing Director

General Manager

Legal Counsel

Corporate Secretary

Compliance Officer

Chief Financial Officer

Operations Director

Commercial Director

Trade License Manager

Business Development Manager

Risk Manager

Board Members

Shareholders 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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