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LLCs

To set up an LLC, branch of LLC, or free zone LLC on Stripe, the following documents are required: a valid UAE trade license, a memorandum of association showing the business name, owners, and share split, and proof of an active UAE bank account in the business name. A power of attorney may also be needed if the Stripe representative is not listed on the other documents.

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Didier G Peñuela
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54 views2 pages

LLCs

To set up an LLC, branch of LLC, or free zone LLC on Stripe, the following documents are required: a valid UAE trade license, a memorandum of association showing the business name, owners, and share split, and proof of an active UAE bank account in the business name. A power of attorney may also be needed if the Stripe representative is not listed on the other documents.

Uploaded by

Didier G Peñuela
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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LLCs, branches of LLCs and free zone LLCs

Requirements:

 A valid (non-expired) trade license issued within the UAE:


o We cannot support users who do not have a trade license or whose
trade license was issued outside of the UAE.
 A memorandum of association (or equivalent document)
 Proof of active bank account

The memorandum of association (or equivalent document) must show:

 The business name


 All business owners
 The split of shares/ownership between the owners

The proof of bank account must meet the following requirements:

 Includes the business name


 A non-password protected PDF exported from your bank’s online portal or
app
o We cannot accept screenshots from apps or online portals
 A scan/photocopy of a physical letter or statement issued by your bank
 The bank account must be based in the UAE

You may also be asked for a Power of Attorney document if the representative on


your Stripe account is not present on the memorandum of association or trade
license. This document should indicate that your account representative has been
given the power to represent the business on the Stripe account - it should include:

 Company name
 Name of account representative
 Confirmation that the representative has been given the power to create a
Stripe account on behalf of the business
 In PDF format

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