Document background
Articles of Association For Sole Proprietorship is a mandatory legal document required when establishing a sole proprietorship business in the United Arab Emirates. This document is essential for compliance with UAE Federal Law No. 32 of 2021 and must be submitted to the Department of Economic Development (DED) during the business registration process. It contains crucial information about the business structure, including ownership details, business activities, capital investment, management framework, and operational procedures. The document serves multiple purposes: it acts as a constitutional document for the business, provides clarity on business operations and owner's obligations, and serves as a reference point for governmental authorities, banks, and other stakeholders. Foreign owners may need to include additional provisions regarding local sponsorship as per UAE foreign ownership regulations.
