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Articles Of Operation Template for United Arab Emirates

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Key Requirements PROMPT example:

Articles Of Operation

"I need Articles of Operation for a new UAE-based technology consulting firm to be established by March 2025, with three international shareholders (from UK, Singapore, and UAE) and specific provisions for intellectual property protection and remote board meetings."

Document background
Articles of Operation are essential corporate documents required when establishing or restructuring a company in the United Arab Emirates. These articles serve as the constitutional document of the company, defining its internal management structure, operational procedures, and governance framework. The document must comply with Federal Decree-Law No. 32 of 2021 and other relevant UAE regulations, including requirements for foreign ownership, economic substance, and corporate governance. Articles of Operation are particularly crucial for companies establishing operations in the UAE mainland or free zones, as they form the basis for obtaining necessary licenses and permits while providing clear guidelines for shareholder rights, management responsibilities, and dispute resolution mechanisms.
Suggested Sections

1. Company Name and Legal Form: Specifies the company's official name and its legal structure under UAE law

2. Principal Office: States the company's registered address and provisions for establishing branches

3. Objects of the Company: Detailed description of permitted business activities and scope of operations

4. Duration: Specifies the term of the company's existence (fixed term or perpetual)

5. Capital Structure: Details of share capital, value per share, and capital contribution requirements

6. Ownership and Shareholders: Information about shareholders, their ownership percentages, and rights

7. Management Structure: Defines the management framework, including managers' appointments and powers

8. Shareholders' Meetings: Procedures for convening and conducting shareholder meetings

9. Voting Rights: Details of voting procedures and majority requirements for different decisions

10. Transfer of Shares: Rules and restrictions regarding the transfer of company shares

11. Financial Affairs: Provisions for accounting, auditing, and distribution of profits

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

13. Notices: Methods and requirements for official communications

14. Governing Law: Confirmation of UAE law application and jurisdiction

Optional Sections

1. Pre-emptive Rights: Used when shareholders are given priority rights to purchase new shares or existing shares for sale

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

3. Drag-Along Rights: Added when majority shareholders need the right to force minority shareholders to join in a company sale

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

5. Intellectual Property Rights: Required when the company owns or develops significant IP

6. Emergency Procedures: Added for companies requiring specific procedures for emergency situations

7. Environmental Compliance: Necessary for companies in industries with environmental impact

8. Islamic Finance Compliance: Required for companies operating under Sharia principles

Suggested Schedules

1. Schedule 1: Initial Shareholders: Details of founding shareholders including names, nationalities, and shareholding percentages

2. Schedule 2: Share Capital Contributions: Detailed breakdown of initial capital contributions and payment terms

3. Schedule 3: Business Activities: Comprehensive list of licensed business activities

4. Schedule 4: Management Structure: Detailed organizational chart and management responsibilities

5. Schedule 5: Reserved Matters: List of decisions requiring special majority or unanimous approval

6. Appendix A: Shareholders' Contact Information: Contact details and address for service of notices

7. Appendix B: Initial Business Plan: First-year operational and financial projections

8. Appendix C: Signatory Powers: Matrix of authorized signatories and their approval limits

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 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

Retail

Manufacturing

Technology

Professional Services

Real Estate

Healthcare

Financial Services

Construction

Hospitality

Trading

Logistics

Education

Consulting

Energy

Media and Entertainment

Relevant Teams

Legal

Corporate Governance

Compliance

Finance

Corporate Affairs

Risk Management

Operations

Executive Leadership

Board Secretariat

Shareholder Relations

Business Development

Strategy

Relevant Roles

Chief Executive Officer

Managing Director

Chief Legal Officer

Company Secretary

Corporate Governance Officer

Compliance Manager

Legal Counsel

Board Director

Chief Financial Officer

Operations Director

Risk Manager

Corporate Affairs Manager

Shareholder Relations Manager

Business Development Director

General Counsel

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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