Document background
The Single Member LLC Operating Agreement is a fundamental document required when establishing a single-owner limited liability company in the United Arab Emirates. This document became particularly relevant following the UAE's amendment to the Commercial Companies Law, which explicitly permitted single-member LLCs. The agreement serves multiple crucial purposes: it establishes the company's governance structure, defines management roles and responsibilities, outlines capital requirements and financial procedures, and ensures compliance with UAE corporate regulations. The document is essential for entrepreneurs and businesses seeking to establish a corporate presence in the UAE while maintaining sole ownership. It includes provisions for business operations, succession planning, and risk management, all tailored to meet UAE legal requirements while protecting the owner's interests. The agreement must align with various UAE laws and regulations, including economic substance requirements and beneficial ownership disclosure obligations.
