All Countries
Real Estate
Declaration Of Trust For Shares

Declaration Of Trust For Shares Template for United Arab Emirates

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Declaration Of Trust For Shares

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Declaration Of Trust For Shares Template

"I need a Declaration of Trust for Shares Template for holding 5,000 ordinary shares in a Dubai-based technology company on behalf of three family members, with quarterly dividend distribution requirements and specific voting rights arrangements."

Celebrated by
Collaborations with
Investors
Document background
The Declaration Of Trust For Shares Template is a critical legal instrument used in the United Arab Emirates when establishing trust arrangements for corporate shareholding. This document is particularly relevant when there is a need to separate legal and beneficial ownership of shares, such as in family business structures, corporate reorganizations, or investment holding arrangements. The template ensures compliance with UAE Federal Law No. 32 of 2021 (Commercial Companies Law) and other relevant regulations, including specific requirements for free zones like DIFC and ADGM where applicable. It comprehensively details the trust structure, trustee powers and duties, beneficiary rights, voting arrangements, and dividend distributions, while incorporating necessary safeguards and compliance measures required under UAE law.
Suggested Sections

1. Parties: Identification of the Trustee(s) and Beneficiary(ies), including full legal names, addresses, and relevant identification details

2. Background: Context of the trust arrangement, including details of the shares being held in trust and the company to which they relate

3. Definitions: Definitions of key terms used throughout the document, including 'Trust Property', 'Trust Period', 'Company', etc.

4. Declaration of Trust: Clear statement that the Trustee holds the specified shares on trust for the Beneficiary

5. Trust Property: Detailed description of the shares held in trust, including number, class, and the company details

6. Trustee Powers and Duties: Comprehensive list of the Trustee's powers and obligations in managing the trust property

7. Rights of Beneficiaries: Specification of the Beneficiaries' rights, including rights to income, capital, and information

8. Voting Rights: Provisions regarding the exercise of voting rights attached to the shares

9. Duration of Trust: Specification of the trust period and any conditions for termination

10. Trustee Remuneration: Details of any fees or expenses payable to the Trustee

11. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant courts for dispute resolution

Optional Sections

1. Appointment and Removal of Trustees: Include when there may be multiple trustees or when specific procedures for trustee changes are required

2. Protector Provisions: Include when a trust protector is appointed to oversee certain aspects of the trust administration

3. Anti-Money Laundering Compliance: Include when dealing with international parties or complex ownership structures

4. Variation of Trust: Include when flexibility to modify trust terms may be needed

5. Dividend Policy: Include when specific arrangements for handling dividend payments are required

6. Confidentiality Provisions: Include when additional confidentiality obligations beyond standard duties are needed

7. Tax Provisions: Include when specific tax considerations need to be addressed

Suggested Schedules

1. Schedule 1 - Details of Trust Property: Detailed specification of the shares held in trust, including share certificates numbers and dates

2. Schedule 2 - Company Information: Details of the company whose shares are held in trust, including registration number and address

3. Schedule 3 - Beneficiary Rights and Interests: Detailed breakdown of beneficiary entitlements and any conditions attached

4. Schedule 4 - Trustee Powers: Comprehensive list of specific powers granted to the Trustee

5. Appendix A - Form of Trustee Resolution: Template for trustee resolutions for standard trust actions

6. Appendix B - Communication Procedures: Procedures for communications between Trustee and Beneficiaries

Authors

Alex Denne

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Beneficiary
Business Day
Company
Confidential Information
Declaration
Dividend
Effective Date
Encumbrance
Governing Law
Legal Title
Beneficial Interest
Parties
Share Certificate
Shares
Term
Trust
Trust Period
Trust Property
Trustee
Trustee Powers
UAE
Voting Rights
Working Hours
Transfer
Company Registry
Corporate Documents
Distribution
Identity Document
Notice
Register of Members
Resolution
Security Interest
Share Capital
Termination Date
Trust Deed
Trust Income
Trust Obligations
Trust Records
Variation
Relevant Industries

Financial Services

Investment Management

Legal Services

Corporate Services

Family Business

Real Estate

Private Equity

Wealth Management

Professional Services

Banking

Investment Holdings

Business Services

Relevant Teams

Legal

Corporate Services

Compliance

Company Secretarial

Wealth Management

Corporate Governance

Financial Control

Trust Administration

Investment Management

Risk Management

Relevant Roles

Legal Counsel

Corporate Lawyer

Trust Administrator

Compliance Officer

Company Secretary

Corporate Services Manager

Wealth Manager

Investment Manager

Family Office Manager

Board Director

Corporate Governance Officer

Financial Controller

Trust Manager

Legal Director

Business Development Manager

Industries
UAE Federal Law No. 32 of 2021 (Commercial Companies Law): Governs corporate structures and shareholding arrangements in the UAE, including provisions related to share ownership, transfer of shares, and shareholder rights
UAE Federal Law No. 5 of 1985 (Civil Code): Contains general principles regarding contracts, obligations, and legal arrangements that would apply to trust relationships
DIFC Trust Law No. 4 of 2018: Specific legislation governing trust arrangements within the Dubai International Financial Centre, relevant if the trust involves DIFC entities
ADGM Trust Regulations 2016: Regulations governing trust arrangements within the Abu Dhabi Global Market, applicable if the trust involves ADGM entities
UAE Federal Decree-Law No. 20 of 2018 (Anti-Money Laundering Law): Contains provisions regarding beneficial ownership disclosure and due diligence requirements for trust arrangements
UAE Federal Decree Law No. 19 of 2018 (Foreign Direct Investment Law): Regulates foreign ownership of shares and businesses in the UAE, relevant for trusts involving foreign beneficiaries or trustees
UAE Federal Law No. 14 of 2018 (Central Bank Law): Contains provisions regarding financial arrangements and transfers that may affect trust operations
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

Find the exact document you need

Declaration Of Trust Property

A UAE-compliant legal document establishing a trust arrangement over property or assets, subject to UAE federal laws and Sharia principles.

find out more

Declaration Of Trust For Shares

find out more

Declaration Of Bare Trust

A UAE-compliant legal document establishing a bare trust arrangement where a trustee holds property for a beneficiary's absolute benefit, subject to UAE civil law and applicable free zone regulations.

find out more

Declaration Of Trust Nominee Shareholder

A UAE-compliant legal document establishing the terms under which a nominee shareholder holds shares on trust for a beneficial owner, subject to UAE Commercial Companies Law.

find out more

Declaration Of Trust For Shares

A UAE-compliant legal document establishing a trust arrangement for share ownership, detailing trustee obligations and beneficial owner rights under UAE law.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.