We, Mohammed Bin Zayed Al Nahyan, President of the United Arab Emirates
- Having perused the Constitution; and
- Federal Law No. 1 of 1972, Concerning the Competences of Ministries and Powers of Ministers, as amended; and
- Federal Decree-Law No. 19 of 2020 Concerning Trust; and
based on the presentation of the Minister of Finance, and the approval of the Cabinet
Have promulgated the following Federal Decree-Law
In application of the provisions of this Decree-Law, the following words and phrases shall have the meanings assigned to each of them, unless the context otherwise requires:
State: United Arab Emirates.
Minister: Minister of Finance.
Competent Authority: The local authority in the concerned Emirate competent with verifying the validity of the Trust Instrument created in that Emirate and registering it, in accordance with the provisions of Article 42 and Article 44 of this Decree-Law, respectively.
Person: Natural or legal person.
Trust: The legal person established by virtue of the Trust Instrument in accordance with the provisions of this Decree-Law to ach...