Document background
The Proposal Quotation is a critical business document used in the United Arab Emirates commercial landscape when a supplier wishes to formally offer goods or services to a potential client. This document type must adhere to UAE Federal Law No. 5 of 1985 (Civil Code) and Federal Decree-Law No. 8 of 2017 on Value Added Tax, among other relevant legislation. A Proposal Quotation typically includes detailed pricing structures, delivery terms, payment conditions, and validity periods, all presented in compliance with local commercial regulations. It serves as the first formal step in a commercial transaction, potentially leading to a binding contract upon acceptance. The document must include specific elements required by UAE law, such as VAT registration details and clear pricing breakdowns, making it a crucial tool in UAE business operations.
