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Lingoline

Sole Proprietorship Contract

Sole Proprietorship Contract

Regular price 1,023.75 AED
Regular price Sale price 1,023.75 AED
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With the help of the sole proprietorship contract service, you may create an establishment contract and notarize the articles of association for a business that a UAE citizen may own exclusively. The capital may be raised or lowered, as well as amended in any other ways, by the owners. This type is also subject to the limited liability company's rules without going against its purpose.

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With the help of the sole proprietorship contract service, you may create an establishment contract and notarize the articles of association for a business that a UAE citizen may own exclusively. The capital may be raised or lowered, as well as amended in any other ways, by the owners. This type is also subject to the limited liability company's rules without going against its purpose.

Documents Required

- Original ID card plus a backup for records
- The "business contract" document that needs to be attested: two copies: one for the records and one for each party involved.
- The original trade name, along with a copy for records.

Important Remarks

For any contract/ document of less than AED 50,000 or of unspecified value: Fee AED 500.

For any contract/ document of more than AED 50,000 and less than AED 200,000: Fee AED 1,000.

For any contract/ document of more than AED 200,000: Fee 0.5% of the document value, capped at AED 20,000.

Terms & Conditions

- Presence of the applicant before the Notary Public to sign the sole proprietorship contract.

- If the applicant is a representative of a principal, he should bring his original POA, comply with the powers granted to him by his principal, and have the right to appoint others.

- If the document is not in Arabic, it should be translated by a legal translation office certified by the Ministry of Justice.

- Any document issued outside the country must be authenticated by the competent authorities (Ministry of Foreign Affairs).

- The POA clauses shall be clear and explicit, without any erasure or deletion.

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