Board Resolution For One Person Company Template for United Arab Emirates

A Board Resolution For One Person Company is a crucial corporate governance document used in the United Arab Emirates when the sole shareholder-director needs to formally document company decisions. This document type became particularly relevant after the introduction of One Person Companies in UAE corporate law, specifically under Federal Decree-Law No. 32 of 2021. The resolution is typically required for significant corporate actions such as opening bank accounts, authorizing financial transactions, appointing representatives, changing business activities, or making structural changes to the company. It must be drafted in compliance with UAE corporate law requirements and often needs to be presented to government authorities, banks, or other third parties as evidence of properly authorized corporate decisions. The document's format and content should reflect the unique nature of an OPC while maintaining the formality and legal validity required for corporate resolutions in the UAE.

1. Header Information: Company name, commercial registration number, and date of the resolution

2. Title: Clear indication that this is a Resolution of the Sole Director/Shareholder

3. Attendance: Confirmation of the sole shareholder's presence and capacity to make decisions

4. Preamble: Reference to the company's incorporation, relevant articles, and authority to pass resolutions

5. Background: Context and reasons for the resolution being passed

6. Resolutions: Clear statement of the decisions being made, numbered for clarity

7. Implementation Authority: Authorization for specific individuals to implement the resolution

8. Signature Block: Space for sole shareholder's signature and company seal