AML
UAE removed from the FATF Grey List
In a significant milestone, the United Arab Emirates (UAE) achieved a major victory on February 23, 2024, as it was
DMCC companies registered before January 2 2020 must adopt the new Articles of Association
DMCC companies registered before 2 January 2020 must compulsorily adopt the new Articles of Association
Important notes before applying for the new AOA
- Company license should be valid during the submission of the application
- No active sanctions on the company from DMCC
- All non-standard AOA will require a legal opinion
- The new articles should be submitted within 15 business days to the registrar No amendments in the rights of shareholder/company unless specifically provide otherwise
- No amendments in the rights of shareholder/company unless specifically provide otherwise
Documents Required
- Board Resolution/shareholder resolution If corporate shareholder,
- Certificate of incumbency (Attested in UAE embassy of the origin country)
- Standard / Non-Standard articles
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NAM Associates is ready to guide you thru any of your goals. Contact us today for more information.
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