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Articles Of Incorporation One Person Corporation

Articles Of Incorporation One Person Corporation Template for United Arab Emirates

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Articles Of Incorporation One Person Corporation

"I need Articles of Incorporation for a One Person Corporation in the UAE for my technology consulting business, with an initial capital of AED 100,000 and plans to establish branch offices in Dubai and Abu Dhabi by March 2025."

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Document background
Articles of Incorporation One Person Corporation is a crucial legal document required when establishing a single-shareholder company in the United Arab Emirates. This document became particularly relevant following the implementation of UAE Federal Decree-Law No. 32 of 2021, which modernized the framework for corporate structures in the UAE, including explicit provisions for one-person companies. The document serves as the constitutional foundation of the business, detailing everything from basic company information to governance structures. It's essential for entrepreneurs and businesses seeking to establish a corporate presence in the UAE while maintaining sole ownership. The document must comply with specific UAE requirements regarding content, format, and registration procedures, and requires approval from the Department of Economic Development in the relevant emirate.
Suggested Sections

1. Article 1 - Company Name and Form: Establishes the legal name of the company and its form as a One Person Corporation under UAE law

2. Article 2 - Sole Shareholder Details: Identifies the sole shareholder with full legal name, nationality, and contact details

3. Article 3 - Definitions and Interpretation: Defines key terms used throughout the Articles and establishes interpretation principles

4. Article 4 - Registered Office: Specifies the company's registered office address in the UAE

5. Article 5 - Company Objects: Details the business activities and objectives of the company

6. Article 6 - Duration: States the duration of the company (typically unlimited)

7. Article 7 - Share Capital: Specifies the company's share capital amount and structure

8. Article 8 - Management Structure: Outlines the management structure and appointment of manager(s)

9. Article 9 - Powers and Duties of Manager: Details the authority and responsibilities of the manager(s)

10. Article 10 - Sole Shareholder Decisions: Establishes procedures for documenting sole shareholder decisions

11. Article 11 - Financial Year and Accounts: Defines the financial year and requirements for maintaining accounts

12. Article 12 - Dissolution and Liquidation: Sets out circumstances and procedures for company dissolution

Optional Sections

1. Article on Branch Offices: Required when the company plans to establish branch offices within or outside the UAE

2. Article on Power of Attorney: Include when specific powers need to be delegated to representatives

3. Article on Succession Planning: Recommended for defining inheritance of shares and company continuation

4. Article on Corporate Social Responsibility: Optional section for defining company's CSR commitments

5. Article on Shareholder Loans: Include when addressing potential loans between shareholder and company

6. Article on Digital Communications: Optional section for electronic notification and meeting procedures

Suggested Schedules

1. Schedule 1 - Initial Share Capital Details: Detailed breakdown of share capital structure and payment

2. Schedule 2 - Licensed Activities: Complete list of licensed business activities approved by DED

3. Schedule 3 - Specimen Signatures: Authorized signatures of the sole shareholder and appointed managers

4. Schedule 4 - Initial Appointments: Details of initial manager(s) and other key position appointments

5. Appendix A - Company Logo and Branding: Official company logo and branding guidelines if applicable

6. Appendix B - Powers of Manager: Detailed list of specific powers granted to the manager(s)

Authors

Alex Denne

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Articles
Company
Sole Shareholder
Manager
Share Capital
Financial Year
Business Day
Commercial License
Department of Economic Development
Register
Commercial Register
Applicable Law
Resolution
Shareholder Resolution
Corporate Documents
Registered Office
Trade Name
Licensed Activities
Electronic Form
Digital Signature
Authorized Signatory
Official Gazette
Ministry
Competent Authority
Memorandum
Governing Law
UAE
Financial Statements
Auditor
Foreign Investment
Local Service Agent
Business Activities
Corporate Seal
Related Party
Power of Attorney
Fiscal Year
Material Change
Board Resolution
Commercial License Number
Principal Place of Business
Clauses
Company Formation
Corporate Identity
Share Capital
Management Powers
Decision Making
Corporate Governance
Financial Provisions
Business Activities
Registered Office
Company Duration
Share Transfer
Dissolution
Dispute Resolution
Amendments
Succession Planning
Corporate Records
Shareholder Rights
Management Appointment
Financial Reporting
Compliance
Power of Attorney
Company Seal
Notices
Governing Law
Local Service Agent
Branch Establishment
Business Name
Capital Structure
Authorization
Corporate Authority
Relevant Industries

Retail

Technology

Professional Services

Manufacturing

Real Estate

Healthcare

Education

Financial Services

Construction

Hospitality

E-commerce

Consulting

Import/Export

Media and Entertainment

Logistics

Relevant Teams

Legal

Corporate Governance

Executive Leadership

Administration

Finance

Compliance

Operations

Risk Management

Corporate Affairs

Business Development

Relevant Roles

CEO

Business Owner

Managing Director

Legal Counsel

Corporate Secretary

Compliance Officer

Chief Financial Officer

Business Development Manager

Operations Director

Risk Manager

Company Manager

Administrative Director

General Counsel

Corporate Governance Officer

Entrepreneur

Industries
UAE Federal Decree-Law No. 32 of 2021: The Commercial Companies Law, which provides the primary legal framework for company formation and operation in the UAE, including specific provisions for single-person companies
UAE Federal Law No. 4 of 2020: Law on Guaranteeing Rights in Movable Property, relevant for capital contribution and asset protection in the company
UAE Federal Law No. 15 of 2020: Consumer Protection Law, which may affect company operations and must be considered in corporate documents
UAE Federal Decree-Law No. 33 of 2021: Regulation of Employment Relationships Law, relevant for potential future employment relationships
Department of Economic Development (DED) Regulations: Local regulations governing business licensing and commercial activities in the respective emirate
UAE Federal Law No. 2 of 2015: Commercial Register Law, governing registration requirements for companies
UAE Federal Law No. 37 of 2021: Commercial Register Law amendments, updating registration requirements and procedures
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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