Trustee & Nominee Agreement Lawyer in Dubai – Khalil Asayesh
Introduction — Khalil Asayesh, International Lawyer in Iran & Dubai
I, Khalil Asayesh, an international lawyer based in Iran and Dubai, have years of experience in drafting, registering, and executing Trustee and Nominee Agreements. I assist Iranian traders, entrepreneurs, and companies in establishing a safe and fully legal framework for their business activities in the UAE. To learn more about my international legal services, please visit the International Lawyer page.
The Concept of Trustee and Nominee Agreements
A Trustee or Nominee Agreement is a legal arrangement between two parties:
- The Beneficial Owner — the real owner who controls and enjoys the actual benefits of the company.
- The Nominee/Trustee — the person in whose name the company is officially registered in the UAE.
In this structure, the Emirati individual is merely the legal owner of the company on paper and has no real authority over the company’s operations or decisions. All business management, financial activities, and profits belong entirely to the Iranian business owner.
These agreements are commonly executed in UAE free zones such as JAFZA (Jebel Ali Free Zone), DMCC (Dubai Multi Commodities Centre), or RAK Free Zone.
Advantages of Using Trustee / Nominee Agreements in Dubai
- A Legal Pathway for International Trade: Through a properly structured nominee company and professional legal assistance, Iranian traders can legally conduct buying, selling, and exporting activities.
- Full Control for the Real Owner: By drafting precise nominee agreements and issuing limited and conditional powers of attorney, executive and banking authorities remain in the hands of the beneficial owner.
- Possibility to Open Bank Accounts & Use FinTech Solutions: The company can maintain official bank accounts or FinTech wallets while the practical management remains with the beneficial owner.
- Reduced Legal and Operational Risk: In trustee agreements prepared by Khalil Asayesh, all powers, termination conditions, guarantees, and arbitration clauses are explicitly defined to prevent misuse.
- Compliance with International Restrictions: As the company is registered under an Emirati individual’s name, there are fewer barriers to banking or trading activities and transactions are carried out officially.
Difference Between Trustee and Nominee Agreements
In a Trustee Agreement, the Emirati individual acts as a trustee who administrates the company on behalf of the Iranian businessman. In a Nominee Agreement, the Emirati individual is merely a nominal owner without managerial or operational responsibilities.
In both cases, the powers of attorney and financial documents are drafted so that the real owner can reclaim full control of the company at any time.
Legal Structure & Arbitration
In agreements drafted by Khalil Asayesh, arbitration and legal supervision are typically assigned to a reputable law office in Dubai. This office serves as an impartial and trusted arbitration authority with the capacity to issue enforceable rulings in case of disputes.
Contact
For more information regarding Trustee and Nominee Agreements and to receive specialized legal consultation, please contact Khalil Asayesh.
