Financial Affidavit Template for the United Arab Emirates

A Financial Affidavit is a legally binding sworn statement that declares your complete financial status in the United Arab Emirates. Under UAE Federal Law No. 10 of 1992 (Law of Evidence), this document serves as formal evidence of your financial position and must be notarized to be legally valid. You'll need this document when UAE courts, financial institutions, or government authorities require verified disclosure of your assets, income, debts, and overall financial circumstances.

When do you need this document?

You'll typically require a Financial Affidavit during divorce or family court proceedings where asset division is involved, when applying for significant loans or mortgages from UAE banks, or during business transactions requiring financial transparency. The document is also essential for regulatory compliance under UAE Federal Law No. 20 of 2018 (Anti-Money Laundering Law), particularly when establishing new business entities or making substantial investments. Immigration proceedings, inheritance matters, and court-ordered financial disclosures also commonly require this affidavit.

Key legal considerations

Your Financial Affidavit must include accurate and complete information about all income sources, including salary, business profits, rental income, and investment returns. You must declare all assets such as real estate, vehicles, bank accounts, investments, and personal property, along with their current market values. The document should also list all liabilities including mortgages, loans, credit card debts, and other financial obligations. Making false statements in a Financial Affidavit constitutes perjury under UAE law and can result in serious legal consequences including fines and imprisonment. The affidavit must be signed in the presence of a notary public and include your Emirates ID details for proper identification.

Legal requirements in United Arab Emirates

Under UAE Federal Law No. 11 of 1992 (Civil Procedure Law), your Financial Affidavit must follow specific formatting and content requirements to be accepted by UAE courts. The document must be written in Arabic or English with certified translations if needed, and include the complete legal names and Emirates ID numbers of all parties involved. UAE Federal Law No. 5 of 1985 (Civil Transactions Law) requires that all financial figures be expressed in UAE Dirhams or clearly state the exchange rate used for foreign currencies. The affidavit must be notarized by a UAE-licensed notary public and may require additional authentication by the UAE Ministry of Justice depending on its intended use. For banking-related disclosures, compliance with UAE Federal Decree Law No. 14 of 2018 (Central Bank Law) is mandatory, particularly regarding anti-money laundering reporting requirements.