The Declaration Of Trust Nominee Shareholder agreement is essential in the UAE business environment where nominee shareholding arrangements are utilized for various legitimate business purposes. This document is particularly important in situations involving corporate structuring, foreign investment, or family business arrangements where formal share ownership needs to be held by a nominee while beneficial ownership remains with another party. The agreement must comply with UAE Federal Law No. 32 of 2021 and related regulations, including requirements for beneficial ownership disclosure and anti-money laundering compliance. It details the rights and obligations of both the nominee shareholder and beneficial owner, covering aspects such as voting rights, dividend distributions, and decision-making powers. The document serves as crucial evidence of the true ownership arrangement and helps protect the interests of all parties involved while maintaining transparency with regulatory authorities.
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1. Parties: Identifies and defines the Nominee Shareholder and the Beneficial Owner with their full legal details
2. Background: Explains the context of the nominee arrangement and the company in which shares are held
3. Definitions: Defines key terms used throughout the document including 'Shares', 'Company', 'Trust Property', and other relevant terms
4. Declaration of Trust: Core section declaring that the Nominee holds the shares on trust for the Beneficial Owner
5. Nominee's Obligations: Details the duties and responsibilities of the Nominee Shareholder
6. Beneficial Owner's Rights: Specifies the rights retained by the Beneficial Owner regarding the shares
7. Voting and Corporate Actions: Describes how voting rights will be exercised and corporate actions handled
8. Dividends and Distributions: Explains how dividends and other distributions will be handled and transferred to the Beneficial Owner
9. Costs and Indemnification: Addresses who bears the costs and how the Nominee is indemnified
10. Duration and Termination: Specifies the term of the arrangement and circumstances for termination
11. Compliance with Laws: Confirms compliance with UAE laws and regulatory requirements
12. Governing Law and Jurisdiction: Specifies UAE law as governing law and relevant courts for dispute resolution
1. Share Transfer Mechanisms: Used when specific procedures for future share transfers need to be detailed
2. Nominee Fee Structure: Include when the Nominee will receive compensation for their services
3. Confidentiality: Additional confidentiality provisions when enhanced privacy is required
4. Power of Attorney: Include when the Beneficial Owner grants specific powers to the Nominee
5. Anti-Money Laundering Provisions: Enhanced AML provisions for high-risk situations or when required by specific circumstances
6. Death and Incapacity: Include when specific provisions for death or incapacity of either party are needed
7. Dispute Resolution: Detailed dispute resolution procedures when standard court jurisdiction is not preferred
1. Schedule 1 - Share Details: Details of the shares held in trust including share numbers, certificates, and class
2. Schedule 2 - Company Information: Details of the Company including registration number, address, and directors
3. Schedule 3 - Beneficial Owner Due Diligence: KYC and due diligence documentation for the Beneficial Owner
4. Schedule 4 - Nominee Services: Detailed scope of nominee services if applicable
5. Schedule 5 - Fee Schedule: Detailed breakdown of any fees and payment terms if applicable
6. Appendix A - Form of Transfer Instrument: Template for share transfer documentation
7. Appendix B - Powers of Attorney: Any required power of attorney documentation
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