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Beneficial Owner Agreement
"I need a Beneficial Owner Agreement under UAE law for a family-owned real estate holding company where three siblings will be beneficial owners of shares legally held by a corporate trustee, with documentation requirements aligned to the latest UAE beneficial ownership regulations."
1. Parties: Identification of the legal owner and beneficial owner(s), including full legal names, addresses, and registration details if applicable
2. Background: Context of the arrangement, including details of the assets or shares subject to the beneficial ownership arrangement
3. Definitions: Key terms used throughout the agreement, including regulatory definitions from UAE legislation
4. Declaration of Trust: Formal declaration of the legal owner holding the assets in trust for the beneficial owner
5. Rights and Obligations of Legal Owner: Detailed responsibilities of the legal owner including maintenance of records, regulatory compliance, and execution of beneficial owner's instructions
6. Rights and Obligations of Beneficial Owner: Powers and responsibilities of the beneficial owner, including decision-making authority and compliance obligations
7. Regulatory Compliance: Specific provisions ensuring compliance with UAE beneficial ownership regulations and reporting requirements
8. Representations and Warranties: Statements and guarantees from both parties regarding their capacity, authority, and compliance with laws
9. Confidentiality: Provisions regarding the confidentiality of the arrangement and handling of sensitive information
10. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
11. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes
1. Voting Rights: Specific provisions for exercising voting rights when the beneficial ownership relates to company shares - used when the assets are corporate securities
2. Dividend and Distribution Rights: Mechanisms for handling dividends and other distributions - included when the assets generate regular income
3. Anti-Money Laundering Provisions: Enhanced AML provisions - included for high-risk arrangements or when dealing with regulated entities
4. Change of Beneficial Ownership: Procedures for transferring beneficial ownership - included when transfers are anticipated
5. Power of Attorney: Specific powers granted to the beneficial owner - included when direct action authority is required
6. Tax Matters: Provisions dealing with tax obligations and reporting - included when tax implications are significant
7. Dispute Resolution: Detailed dispute resolution procedures - included for complex arrangements or high-value assets
1. Schedule 1 - Asset Details: Detailed description of the assets subject to beneficial ownership
2. Schedule 2 - Beneficial Ownership Register: Template and current details of the beneficial ownership register as required by UAE regulations
3. Schedule 3 - Regulatory Reporting Requirements: Summary of applicable reporting requirements and deadlines under UAE law
4. Schedule 4 - Fee Schedule: Details of any administrative fees or charges if applicable
5. Appendix A - KYC Documentation: Required identity documentation for both parties
6. Appendix B - Reporting Templates: Standard forms for regulatory reporting and updates
7. Appendix C - Powers of Attorney: Any required power of attorney documents
8. Appendix D - Compliance Certificates: Templates for periodic compliance certification
Authors
Financial Services
Real Estate
Investment Management
Professional Services
Banking
Corporate Services
Family Offices
Private Equity
Offshore Companies
Trading Companies
Holding Companies
Consulting Services
Legal
Compliance
Corporate Governance
Risk Management
Corporate Services
Company Secretarial
Regulatory Affairs
Finance
Investment Management
Trust Administration
Compliance Officer
Legal Counsel
Corporate Secretary
Director of Legal Affairs
Risk Manager
Company Director
Chief Financial Officer
Investment Manager
Trust Administrator
Governance Officer
AML Officer
Company Registrar
Corporate Services Manager
Regulatory Affairs Director
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