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Foundation Articles Of Association

Foundation Articles Of Association Template for United Arab Emirates

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Foundation Articles Of Association

"I need Foundation Articles of Association for a family-owned charitable foundation to be established in Dubai by March 2025, with specific provisions for both educational and healthcare initiatives in the UAE, and the ability to establish international branches."

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Document background
Foundation Articles of Association are essential legal documents required when establishing a foundation in the United Arab Emirates. These articles serve as the foundation's constitution and are mandatory under UAE law, whether establishing the foundation in mainland UAE or in special economic zones such as the DIFC or ADGM. The document outlines the foundation's purpose, governance structure, and operational framework, ensuring compliance with local regulations while protecting the interests of all stakeholders. Foundation Articles of Association must be carefully drafted to address specific requirements of UAE legislation, including provisions for asset protection, succession planning, and charitable activities where applicable. The document is particularly relevant for wealth management, family businesses, and charitable organizations seeking to establish a permanent structure for their activities in the UAE.
Suggested Sections

1. Parties: Details of the founder(s) establishing the foundation

2. Background: Context and purpose for establishing the foundation

3. Definitions: Key terms used throughout the Articles of Association

4. Establishment: Declaration of foundation establishment and its legal status

5. Name and Registered Office: Official name of the foundation and its registered address

6. Objects and Powers: Foundation's purposes, objectives, and legal powers

7. Foundation Council: Structure, composition, and powers of the foundation council

8. Council Members: Appointment, removal, and duties of council members

9. Guardian: Role, appointment, and powers of the foundation guardian

10. Beneficiaries: Rights and interests of beneficiaries, if any

11. Meetings and Resolutions: Procedures for council meetings and decision-making

12. Assets and Capital: Rules regarding foundation assets and capital management

13. Records and Accounts: Requirements for maintaining books, records, and accounts

14. Dissolution: Procedures and circumstances for foundation dissolution

15. Governing Law: Specification of UAE law as governing law and jurisdiction

Optional Sections

1. Investment Powers: Detailed investment guidelines and restrictions, used when the foundation will engage in investment activities

2. Charitable Purposes: Specific provisions for charitable activities, required if the foundation has charitable objectives

3. Branch Offices: Provisions for establishing and managing branch offices, needed if foundation plans multiple locations

4. Committees: Structure and powers of specialized committees, used for foundations with complex governance needs

5. Seal: Provisions regarding the foundation's seal, if required for formal documents

6. Amendment Procedures: Specific procedures for amending the Articles, useful for foundations requiring flexibility

7. Dispute Resolution: Detailed dispute resolution procedures, recommended for foundations with multiple stakeholders

8. Confidentiality: Specific confidentiality provisions, important for private foundations

Suggested Schedules

1. Schedule 1 - Initial Council Members: Details of the first appointed council members

2. Schedule 2 - Initial Assets: List and details of assets initially transferred to the foundation

3. Schedule 3 - Powers of the Council: Detailed enumeration of council powers and limitations

4. Schedule 4 - Beneficiary Rights: Detailed provisions regarding beneficiary rights and entitlements

5. Schedule 5 - Governance Procedures: Detailed procedures for foundation governance and administration

6. Appendix A - Forms: Standard forms for foundation administration (e.g., appointment letters, resignation notices)

7. Appendix B - Council Rules: Detailed rules of procedure for council meetings and decision-making

8. Appendix C - Compliance Requirements: Specific compliance requirements under UAE law and relevant regulations

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

Wealth Management

Charitable Organizations

Family Offices

Education

Healthcare

Cultural Institutions

Religious Organizations

Social Services

Environmental Conservation

Arts and Heritage

Research and Development

Philanthropy

Relevant Teams

Legal

Compliance

Corporate Governance

Company Secretariat

Risk Management

Wealth Management

Trust Administration

Corporate Affairs

Regulatory Affairs

Foundation Administration

Relevant Roles

Legal Counsel

Foundation Director

Compliance Officer

Corporate Secretary

Foundation Administrator

Wealth Manager

Trust Officer

Board Member

Governance Officer

Risk Manager

Foundation Council Member

Legal Director

Company Secretary

Chief Legal Officer

Philanthropic Advisor

Family Office 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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