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Statement Of Financial Support Form

Statement Of Financial Support Form Template for United Arab Emirates

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Key Requirements PROMPT example:

Statement Of Financial Support Form

"I need a Statement of Financial Support Form to sponsor my daughter's university education in Dubai starting January 2025, confirming my commitment to cover her tuition fees of AED 75,000 per year and living expenses throughout her four-year degree program."

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Document background
The Statement Of Financial Support Form is a critical document within the United Arab Emirates' legal framework, designed to formalize financial support commitments between parties. This document is particularly essential in various scenarios, including family sponsorship, student visa applications, and dependent residence permits. It requires detailed information about the financial supporter's income, employment status, and ability to meet support obligations. The form must comply with UAE Federal Laws, including immigration regulations and financial documentation requirements. It serves as a legally binding guarantee that can be enforced in UAE courts and is often required by government authorities, educational institutions, and immigration offices. The document typically needs to be notarized and may require additional authentication depending on its specific use case.
Suggested Sections

1. Declaration Header: Official title of the document, date, and place of execution

2. Supporter Information: Full legal name, Emirates ID/passport number, nationality, and current residence address of the person providing financial support

3. Beneficiary Information: Full details of the person(s) receiving financial support, including name, nationality, passport number, and relationship to supporter

4. Support Commitment: Clear statement of financial support commitment, including scope and duration of support

5. Financial Capacity Statement: Declaration of supporter's income, employment status, and ability to meet the financial commitment

6. Legal Obligations: Statement acknowledging legal responsibilities and consequences under UAE law

7. Authentication: Space for signatures, witness details, and notarization requirements

Optional Sections

1. Additional Beneficiaries: Section for listing multiple dependents when financial support extends to more than one person

2. Emergency Contact: Alternative contact information in case of emergencies or inability to fulfill obligations

3. Termination Conditions: Specific conditions under which the financial support may be terminated or modified

4. Support Payment Details: Specific payment arrangements including frequency and method of support, used when regular payments are planned

5. Third-Party Guarantor: Details of additional guarantor if required for stronger financial backing

Suggested Schedules

1. Schedule A - Proof of Income: Attached documentation proving financial capacity (salary certificates, bank statements, etc.)

2. Schedule B - Identity Documents: Copies of relevant identification documents for all parties

3. Schedule C - Employment Verification: Employment contract or business ownership documents of the supporter

4. Schedule D - Residence Documentation: Proof of residence status in UAE for all relevant parties

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 Industries

Immigration

Education

Banking & Financial Services

Legal Services

Healthcare

Real Estate

Employment Services

Government Services

Tourism & Hospitality

Insurance

Relevant Teams

Legal

Human Resources

Immigration

Compliance

International Student Services

Document Processing

Visa & Permits

Corporate Services

Risk Management

Client Relations

Relevant Roles

Immigration Officer

Visa Processing Specialist

Legal Compliance Manager

HR Director

Financial Advisor

University Admissions Officer

Embassy Liaison Officer

Corporate Immigration Manager

Legal Document Specialist

Student Affairs Coordinator

Sponsorship Coordinator

Regulatory Compliance Officer

Industries
UAE Federal Law No. 5 of 1985 (Civil Code): Governs civil transactions and contractual obligations, including financial commitments and guarantees between parties
UAE Federal Law No. 18 of 1993 (Commercial Transactions Law): Regulates commercial transactions and financial dealings between parties, relevant for financial support documentation
UAE Federal Law No. 6 of 1973 (Immigration Law): Governs immigration and residency requirements, including financial support requirements for sponsorship
UAE Federal Law No. 10 of 1980 (Central Bank Law): Regulates banking operations and financial institutions, relevant for verification of financial capabilities
UAE Federal Law No. 4 of 2013 (Anti-Money Laundering): Ensures financial support declarations comply with anti-money laundering regulations and source of funds verification
UAE Cabinet Resolution No. 57 of 2018: Specifies requirements for residence permits and sponsorship, including financial obligations and guarantees
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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