أسئلة وأجوبة
What is the duration/lifespan of a company that can be included in the MOA?
Dear Lawyers,
What is the duration/lifespan of a company that can be included in the MOA?
Is it 25 years, or can it be 99 years? Which law or article governs this?
Greetings,
Maximum of 99 years, renewable for another similar period.
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Dear Questioner,
According to UAE Federal Law No. 32 of 2021, the duration of a company can be determined by its Memorandum of Association (MOA).
The MOA is a legal document that outlines the company's purpose, activities, and duration. The duration of a company can be a minimum of 25 years and a maximum of 99 years.
This is stated in Article 108 of the law, which states that "the duration of the company shall be determined in its Memorandum of Association, provided that it shall not exceed 99 years."
Therefore, the duration of a company in the UAE can be anywhere between 25 to 99 years, as stated in the MOA.
Good Morning,
A company's MOA can be either unlimited or limited to a set number of years.
If it is limited, another MOA can be signed to extend the duration. For more information, leave a phone number for contact or reach me at [--------].
Thank you!
Dear Questioner,
In the context of the UAE, particularly under the UAE Commercial Companies Law (Federal Law No. 32 of 2021), the duration or lifespan of a company can vary.
Key Points:
1. Duration in the Memorandum of Association (MOA):
- The lifespan of a company can be specified in the MOA, typically ranging from a minimum of 1 year to a maximum of 99 years.
- Companies can state a longer duration (up to 99 years), and this is often a common practice.
2. Legal Reference:
- This is outlined in Article 108 of the UAE Commercial Companies Law, which specifies that the duration of the company is declared in the Memorandum of Association.
In summary, the lifespan of a company in the UAE can be specified as up to 99 years in the MOA according to Article 108 of the UAE Commercial Companies Law.
Dear Questioner,
The duration of the company (25 years or 99 years) depends on what was agreed upon between the partners in the articles of association.
Federal Law No. 32 of 2021 regarding commercial companies sets the general framework for establishing companies and leaves the issue of determining the duration of the company to the agreement of the partners.
Article 108 of the law stipulates that the duration of the company must be specified in the articles of association if there is a specific duration agreed upon.
