Business Affidavit Template for the United Arab Emirates

A Business Affidavit is a sworn legal document that allows you to make formal declarations about your company's affairs, compliance status, or business transactions in the United Arab Emirates. This critical legal instrument provides a framework for business representatives to attest to specific facts under oath, creating legally binding statements that can be used in various commercial and regulatory contexts.

When do you need this document?

You'll need a Business Affidavit when establishing new business relationships, applying for trade licenses, or responding to government inquiries about your company's operations. Banks and financial institutions frequently require these documents when opening corporate accounts or processing large transactions. During mergers, acquisitions, or business restructuring, you may need to provide sworn statements about your company's financial status, ownership structure, or compliance history. Regulatory authorities like the Department of Economic Development often request Business Affidavits during license renewals or when investigating compliance matters. If your business is involved in legal proceedings, courts may require affidavits to establish facts about business operations, financial records, or corporate governance.

Key legal considerations

The deponent must have clear authority to make statements on behalf of the business entity, typically established through board resolutions or power of attorney documents. All statements in the affidavit must be factually accurate and verifiable, as false declarations can result in criminal penalties under UAE law. The document should include comprehensive business information, including trade license numbers, Emirates ID details of the deponent, and registered business addresses. Consider including specific disclaimers about the scope of the declarations and any limitations on the deponent's knowledge. Ensure all supporting documents referenced in the affidavit are properly attached and authenticated. The timing of execution is crucial, as some affidavits may have validity periods or must be executed within specific timeframes relative to the underlying business events.

Legal requirements in United Arab Emirates

Under UAE Federal Law No. 22 of 1991 (Notary Public Law), Business Affidavits must be executed before a UAE-authorized notary public who will verify the identity of the deponent and witness the oath. The document must comply with UAE Federal Law No. 5 of 1985 (Civil Code) regarding civil transactions and legal declarations. Both Arabic and English versions are typically required, with certified translations when the original is prepared in English. The deponent must present valid identification, including Emirates ID or passport, along with documentation proving their authority to represent the business. UAE Federal Law No. 18 of 1993 (Commercial Transactions Law) may impose additional requirements for commercial affidavits related to business dealings. Some Emirates have specific local requirements, particularly Dubai and Abu Dhabi, which may require additional attestations or registrations with local courts or government departments.