The memorandum of association is the constitution of a UAE company. It records who the shareholders are, what each of them holds, who manages, who can sign and bind the company, how profits are split, and what happens when a shareholder wants out or two of them stop agreeing. It is governed by Federal Decree-Law 32 of 2021 on Commercial Companies, and on the mainland it is executed before a notary public. Most founders accept the standard template the formation agent puts in front of them, because it is quicker, and then discover two years later that it splits profits strictly by shareholding when the deal was never that, or that a minority shareholder has a veto nobody intended. We draft it, or we read the one you have been handed and tell you what it actually says.
