Legal Affairs Services

For a business set up in UAE, there are a lot of documents that are required by the businessmen. One of the important documents in all the documents are Memorandum of Association (MOA) and Power of Attorney. This has a lot of important things about the business and it is very important for a company to form MOA. Alreetal legal to assist you to get your legal documents done in a correct manner with the full assistance in drafting, legal translation and assistance with a visit to Public Notary.

MOA which is also known as Memorandum of Association is basically a document that plays a role in the regulation of external activities of a company. The Memorandum of Association is formed right on the formation of the company. Memorandum of Association is a public document and can be formed after consulting with the firms who provide the services of drafting legal documents.

Purpose of Memorandum of Association

The basic purpose of the MOA of any company is to make the readers aware of all the objects that are present in the company. Also, the readers should be aware of what is permitted under the law and what is not. Note that the readers of the company include all the shareholders and investors of the company.

The shareholders of the company modify the clauses of Memorandum of Association. Following the right procedures for MOA are really important. Companies consult different public offices for the filing of the documents.

Importance of Memorandum of Association

Memorandum of Association is of prime importance for the company because it plays a role in the regulation of the relationship of the company with different other parties from the outside.
MOA has all the rules in it that are to be followed by the company in the future
MOA is important for all those companies that want to get registered as private or LLCs.

Here is what your MOA should contain;

There are a number of clauses that are mentioned in the MOA. Before having legal drafting Dubai, you need to know what should appear in MOA. Here are the details that should be present in Drafting Memorandum of Association of your company

Name of the company
Location of the company’s office (state name)
Objectives of the organization
Liability of the shareholders
The share capital of the company
Division of the company’s capital into shares. If the company is a limited liability company, this part can be omitted.
First subscribers of the company
Procedures for sending the document to the procedures

After fulfilling all the requirements of MOA, the documents are to be published. And provided to the creditors, shareholders and all the other parties. That is involved for the purpose of informing everyone about the line company has adopted.

If you want to amend anything in your MOA, you can do that too. the change may include the company’s name, the location of its state and more.

Memorandum of Association

Power Of Attorney

A power of attorney (POA) is a document that allows you to appoint a person or organization to manage your property, financial or medical affairs if you become unable to do so. However, all POAs are not created equal. Each type gives your attorney-in-fact (the person who will be making decisions on your behalf) a different level of control.

What is a General Power of Attorney?

A general power of attorney gives broad powers to a person or organization (known as an agent or attorney-in-fact) to act in your behalf. These powers include handling financial and business transactions, buying life insurance, settling claims, operating business interests, making gifts, and employing professional help. General power of attorney is an effective tool if you will be out of the country and need someone to handle certain matters, or when you are physically or mentally incapable of managing your affairs. A general power of attorney is often included in an estate plan to make sure someone can handle financial matters.

What is a Special Power of Attorney?

You can specify exactly what powers an agent may exercise by signing a special power of attorney. This is often used when one cannot handle certain affairs due to other commitments or health reasons. Selling property (personal and real), managing real estate, collecting debts, and handling business transactions are some of the common matters specified in a special power of attorney document.

What is a Health Care Power of Attorney?

A health care power of attorney grants your agent authority to make medical decisions for you if you are unconscious, mentally incompetent, or otherwise unable to make decisions on your own. While not the same thing as a living will, many states allow you to include your preference for being kept on life support. Some states will allow you to combine parts of the health care POA and living will into an advanced health care directive.

oA (Power of Attorney) is giving a person the authority to act on your behalf in business and legal matters. This person will be in charge of your financial, legal or property transactions.

There are two different types of PoA,

General Power of Attorney, which is giving the person broad powers on your behalf.
Special PoA, which is limiting the procedures or tasks the person is allowed to handle on your behalf.

We offer PoA services to our clients where we can act on their behalves in business matters.

We also offer our assistance with PoA if you would like to give the authority to the 3rd party to be used in your home country. POA to be signed in the UAE has to be in 2 languages English and Arabic. We assist our clients in the following steps:

Drafting POA as per your requirements in English and Arabic
Legal Translation Services for POA
Assistance in Public Notary for POA to be signed in front of the officer

Benefits

Get all your governmental documents done for you in a correct manner with the full assistance in drafting, legal translation and assistance with a visit to Public Notary.

Memorandum of Association (MOM )

Power of Attorney (POA)