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Deed Of Beneficial Ownership Template for United Arab Emirates

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Key Requirements PROMPT example:

Deed Of Beneficial Ownership

"I need a UAE Deed of Beneficial Ownership for a real estate investment property in Dubai, where there will be three beneficial owners with different ownership percentages (40%, 35%, 25%), and we need to ensure compliance with the latest UAE beneficial ownership regulations."

Document background
The Deed of Beneficial Ownership has become increasingly important in the UAE business landscape following the introduction of stringent beneficial ownership regulations and enhanced transparency requirements. This document is essential when there is a need to formally document and distinguish between legal and beneficial ownership of assets or entities in the UAE. It is commonly used in corporate structuring, family business arrangements, trust-like arrangements (considering UAE law doesn't recognize common law trusts), and investment structures. The deed must comply with UAE federal and emirate-specific regulations, including Cabinet Resolution No. 58 of 2020 and Federal Decree-Law No. 20 of 2018 on anti-money laundering. It provides crucial documentation for regulatory compliance, corporate governance, and ownership transparency purposes.
Suggested Sections

1. Parties: Identifies the legal owner(s) and beneficial owner(s), including full names, addresses, and identification details as required by UAE law

2. Background: Explains the context of the beneficial ownership arrangement and the reason for creating the deed

3. Definitions: Defines key terms used in the deed, including 'Beneficial Owner', 'Legal Owner', 'Assets', and relevant UAE regulatory terms

4. Declaration of Beneficial Ownership: Clear statement of beneficial ownership arrangement and percentage of ownership

5. Rights and Obligations of Legal Owner: Details the responsibilities and duties of the legal owner in relation to the assets

6. Rights and Obligations of Beneficial Owner: Specifies the rights, powers and obligations of the beneficial owner

7. Asset Details: Comprehensive description of the assets subject to the beneficial ownership arrangement

8. Regulatory Compliance: Provisions ensuring compliance with UAE beneficial ownership regulations and reporting requirements

9. Duration and Termination: Terms regarding the duration of the arrangement and circumstances for termination

10. Governing Law and Jurisdiction: Specifies UAE law as governing law and relevant courts' jurisdiction

11. Execution: Formal execution block meeting UAE requirements for deeds

Optional Sections

1. Multiple Beneficial Owners: Required when there are multiple beneficial owners, detailing their respective rights and relationships

2. Trust Arrangements: Used when the beneficial ownership involves trust structures, ensuring compliance with UAE trust regulations

3. Power of Attorney: Include when specific powers are being granted to the beneficial owner or their representatives

4. Confidentiality: Additional confidentiality provisions when dealing with sensitive commercial arrangements

5. Anti-Money Laundering Provisions: Enhanced AML provisions for high-risk situations or when dealing with regulated entities

6. Dispute Resolution: Detailed dispute resolution procedures when parties prefer specific resolution mechanisms

7. Change of Ownership Procedures: Detailed procedures for transferring beneficial ownership when such transfers are anticipated

Suggested Schedules

1. Schedule 1 - Asset Register: Detailed list and description of all assets subject to the beneficial ownership arrangement

2. Schedule 2 - Beneficial Owner Information: Detailed information about beneficial owner(s) as required by UAE regulations

3. Schedule 3 - Regulatory Filings: List of required regulatory filings and deadlines under UAE law

4. Schedule 4 - Corporate Structure Chart: Visual representation of the ownership structure

5. Schedule 5 - Required Notices: Templates for notices required under the deed or by UAE regulations

6. Appendix A - KYC Documentation: Copies of required identification documents and KYC information

7. Appendix B - Regulatory Certifications: Required regulatory certifications and declarations under UAE law

Authors

Alex Denne

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

Relevant legal definitions







































Clauses































Relevant Industries

Financial Services

Real Estate

Investment Companies

Professional Services

Family Offices

Private Equity

Manufacturing

Trading

Hospitality

Healthcare

Technology

Construction

Retail

Energy

Maritime

Relevant Teams

Legal

Compliance

Corporate Governance

Risk Management

Corporate Services

Company Secretarial

Board of Directors

Executive Management

Investment

Anti-Money Laundering

Regulatory Affairs

Relevant Roles

Corporate Lawyer

Compliance Officer

Legal Counsel

Company Secretary

Chief Legal Officer

Managing Director

Board Director

Governance Officer

Risk Manager

Chief Compliance Officer

Corporate Services Manager

Legal Director

Investment Manager

Trust Officer

Company Registrar

AML Compliance Officer

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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