UAE: 41,252 E-MOA, Addendums Issued By Dubai Economy

UAE: 41,252 E-MOA, Addendums Issued By Dubai Economy

Highlights





Business owners in Dubai can get the e-MOAs and all its addendums through Dubai Economy service centres or by approval to the text message from 6969 without the need to visit Dubai Economy.







The Business Registration & Licensing (BRL) sector in Dubai Economy has issued 41,252 electronic Memorandum of Association (MOA) and e-MOA addendums from January 2019 to end-May 2020.

This is in line with the Federal Decree-Law No. 7 of 2018 by President His Highness Sheikh Khalifa bin Zayed Al Nahyan amending articles within Federal Law No. 02 of 2015 on Commercial Companies, reported Emirates news agency Wam.

The report showed that 85 percent of e-MOAs were issued by Dubai Economy, while 42 percent were related to e-MOA addendums of the total licences that require MOA. The electronic MOAs issued during the period varied with 90 percent being professional, followed by tourism, commercial and industry.

Business owners in Dubai can get the e-MOAs and all its addendums through Dubai Economy service centres or by approval to the text message from 6969 without the need to visit Dubai Economy.

The report also showed that during the first five months of 2020, Dubai Economy issued 9,282 electronic Memorandum of Association and