A Declaration of Partnership Affidavit is a crucial document in the United Arab Emirates' business landscape, required when partners need to formally declare their business relationship for official purposes. This document is particularly important when establishing new partnerships, modifying existing ones, or when proof of partnership is required for government transactions, banking relationships, or legal proceedings. The affidavit must comply with UAE Federal Law No. 32 of 2021 and local emirate regulations, requiring notarization and potentially Arabic translation. It contains detailed information about the partners, their ownership percentages, roles, responsibilities, and the nature of the business relationship. The document serves as a sworn statement that can be used as evidence of the partnership structure and terms in various official contexts.
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1. Declaration Header: Formal introduction stating the document type, date, and jurisdiction (UAE)
2. Declarant Information: Full legal names, nationalities, Emirates ID numbers, and contact details of all partners making the declaration
3. Partnership Details: Official name of partnership, trade license number, date of establishment, and registered address
4. Nature of Partnership: Clear statement of the type of partnership (e.g., general partnership, limited partnership) and its primary business activities
5. Ownership Structure: Declaration of each partner's ownership percentage and capital contribution
6. Roles and Responsibilities: Statement of each partner's role, management rights, and decision-making authority
7. Declaration of Truth: Formal statement affirming that all information provided is true and accurate
8. Execution Block: Space for signatures, dates, and notary attestation
1. Profit and Loss Sharing: Include when partners have specific arrangements for profit and loss distribution that differ from ownership percentages
2. Special Powers: Include when certain partners have special authorities or limitations that need to be officially declared
3. Previous Partnership History: Include when the partnership has undergone previous changes or restructuring that need to be acknowledged
4. Third-Party Relationships: Include when declaring existing relationships with other businesses or stakeholders
5. Intellectual Property Rights: Include when the partnership owns or uses significant intellectual property that needs to be declared
1. Partner Identification Documents: Copies of Emirates ID, passports, and other identification documents of all partners
2. Trade License: Copy of the current trade license and commercial registration
3. Partnership Agreement: Copy of the existing partnership agreement referenced in the affidavit
4. Financial Statements: Recent financial statements or capital contribution proof (if relevant)
5. Power of Attorney: If any partner is represented by proxy or has delegated authority
Authors
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Relevant Industries
Retail
Professional Services
Construction
Real Estate
Trading
Manufacturing
Technology
Healthcare
Hospitality
Education
Consulting
Import/Export
Financial Services
Media and Entertainment
Food and Beverage
Relevant Teams
Legal
Finance
Compliance
Corporate Governance
Administrative
Operations
Business Development
Risk Management
Corporate Affairs
Document Control
Relevant Roles
Business Owner
Managing Partner
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Company Secretary
Business Development Manager
Finance Manager
Compliance Officer
Corporate Lawyer
Public Relations Officer
Operations Manager
Administrative Manager
Partnership Manager
Risk Manager
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