Q: We are expecting to receive an investment of around 1M from a person. He will transfer the amount to the company bank account, from his personal account. Will the recipient bank ask for any documents… A: Yes, you need to execute an MOU as a preliminary step. It's better you get it notarized…

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Requirements for receiving money in our company from an investor

We are expecting to receive an investment of around 1M from a person as part of our board meeting.

The person's name is not mentioned in our trade license, he will transfer the amount to the company bank account, from his personal account.

So can you please advise me, in the future will the recipient bank ask for any documents/correspondences or do we need to make any legal agreement with him as per the UAE norms?

This document is only for banking purposes.

Nasser Yousuf AlKhamis

Nasser Yousuf AlKhamis Advocates & Legal Consultants

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21 Mar 2023, 06:30

Yes, you need to execute an MOU as a preliminary step.

21 Mar 2023, 06:35

Is the MOU with our company signature and stamp only or does it need any legal or govt official stamp?

21 Mar 2023, 06:40

It's better you get it notarized. We can help you with the same.

21 Mar 2023, 06:42

Can you please share your Whatsapp number?

21 Mar 2023, 06:42

Thank you.

21 Mar 2023, 06:43

You're welcome.

21 Mar 2023, 06:44

Will you make the MOU for us and the notary?

What is the total cost?

21 Mar 2023, 07:28

Yes. Kindly correspond with us over WhatsApp.

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Roza Yaghoub Pour

Al Kaitoob Advocates & Legal Consultants

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21 Mar 2023, 06:59

You should sign an investment agreement between the company and the person who is gonna invest.

This agreement requires the subject of investment, terms of agreement, and way of return.

21 Mar 2023, 07:18

Is this agreement on our company letterhead with a stamp and signature fine or does it need any legal or govt stamp to make it official?

21 Mar 2023, 07:40

Please share your whatsapp number or text me.

21 Mar 2023, 08:16

This is my Whatsapp number [-------], you can contact me.

21 Mar 2023, 08:17

It should be drafted in a proper way.

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Requirements for receiving money in our company from an investor