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Intercompany Cost Sharing Agreement

Intercompany Cost Sharing Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Intercompany Cost Sharing Agreement

"I need an Intercompany Cost Sharing Agreement for our UAE-based technology group with five subsidiaries, covering shared IT infrastructure and administrative services costs, with specific provisions for transfer pricing compliance and quarterly cost reconciliation."

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Document background
The Intercompany Cost Sharing Agreement is essential for UAE-based corporate groups seeking to establish a formal framework for sharing costs among related entities. This document becomes necessary when multiple group entities share resources, services, or facilities and need a structured approach to allocating the associated costs. It addresses UAE regulatory requirements, including recent corporate tax and transfer pricing considerations introduced in 2023, while providing a clear governance framework for cost allocation. The agreement is particularly important for compliance with UAE Federal Law No. 32 of 2021 (Companies Law) and UAE Federal Decree-Law No. 47 of 2022 on Taxation of Corporations and Businesses. It should be implemented when groups want to formalize their cost sharing arrangements, ensure tax efficiency, and maintain transparent intercompany relationships.
Suggested Sections

1. Parties: Identification of the participating group entities, including registration details and addresses

2. Background: Context of the agreement, group structure, and business rationale for cost sharing

3. Definitions: Definitions of key terms including Shared Costs, Cost Pool, Allocation Keys, Participating Parties, etc.

4. Purpose and Scope: Detailed description of the cost sharing arrangement's purpose and what costs are included/excluded

5. Cost Pool: Definition of costs to be shared, methodology for cost collection and categorization

6. Allocation Methodology: Detailed explanation of how costs will be allocated among participants, including allocation keys and calculations

7. Payment Terms: Terms for settlement of cost allocations, including currency, timing, and payment methods

8. Documentation and Reporting: Requirements for maintaining records, preparing reports, and supporting documentation

9. Governance: Management of the agreement, including decision-making processes and periodic reviews

10. Term and Termination: Duration of the agreement and circumstances for termination

11. General Provisions: Standard legal provisions including notices, amendments, governing law, etc.

Optional Sections

1. Tax Compliance: Specific section addressing transfer pricing compliance and documentation - include when participants are in different tax jurisdictions

2. Intellectual Property Rights: Section dealing with IP ownership and rights - include when shared costs involve IP development

3. Budget and Forecasting: Procedures for annual budgeting and forecasting - include for more complex arrangements

4. New Participant Provisions: Rules for adding new participants - include when group expects to expand

5. Exit Provisions: Detailed procedures for participant exit - include when arrangement involves significant assets or long-term commitments

6. Audit Rights: Detailed audit procedures - include when significant costs or regulatory requirements necessitate

7. Service Level Requirements: Include when the cost sharing involves specific service delivery standards

Suggested Schedules

1. Schedule 1 - Participating Entities: List of all participating entities with detailed corporate information

2. Schedule 2 - Cost Categories: Detailed breakdown of costs included in the cost pool

3. Schedule 3 - Allocation Keys: Specific allocation keys and calculations for different cost categories

4. Schedule 4 - Transfer Pricing Methodology: Detailed transfer pricing methodology and compliance documentation

5. Schedule 5 - Reporting Templates: Standard templates for regular reporting and documentation

6. Schedule 6 - Service Specifications: Detailed description of services covered under the agreement

7. Appendix A - Governance Procedures: Detailed procedures for agreement administration and governance

8. Appendix B - Financial Processes: Detailed procedures for financial calculations and settlements

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions








































Clauses




































Relevant Industries

Financial Services

Technology

Manufacturing

Real Estate

Healthcare

Retail

Energy

Professional Services

Construction

Telecommunications

Logistics

Hospitality

Education

Media and Entertainment

Relevant Teams

Finance

Legal

Tax

Treasury

Compliance

Corporate Secretariat

Accounting

Financial Planning & Analysis

Risk Management

Operations

Shared Services

Internal Audit

Corporate Development

Strategy

Relevant Roles

Chief Financial Officer

Finance Director

Tax Director

Legal Counsel

Corporate Controller

Group Financial Controller

Treasury Manager

Compliance Officer

Transfer Pricing Manager

Group Accountant

Financial Planning Manager

Corporate Secretary

Operations Director

Shared Services Manager

Risk Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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