Start your business and draft your contracts hassle-free with Khalid Juma Alsuwaidi Advocates and Legal Consultants, under UAE laws.
We’re here to help you start a business and draft your contracts in a way that’s compliant with UAE laws. We offer a wide range of legal services in addition to our law firm services where you can get expert contract drafting and consultation, as well as advice on trademark registration, company formation, and other corporate work.
The process of forming a company begins with the creation of a legally binding shareholder agreement. This agreement is then compiled in a written contract known as the company’s memorandum of association, which must include a company name that distinguishes it from the others. The Memorandum of Association also mentions the company’s objectives, the names of the shareholders, the capital of the company, the number of shares, the type and value of each share, how profits are distributed, the duration of the company, company liquidation procedures, and how funds are disturbed.