Compliance & Legal Information
Anti-Money Laundering (AML) Compliance
This commercial transaction is conducted in accordance with UAE Federal Decree-Law No. 20 of 2018
on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organizations, as
amended by Federal Decree-Law No. 26 of 2021.
Client Declarations & Responsibilities:
- Client confirms that all payment funds originate from legitimate business activities
- Client warrants that the business activity and transaction purpose are lawful
- Client agrees to provide additional documentation if requested for enhanced due diligence
- Client acknowledges that suspicious transactions will be reported to UAE Financial Intelligence Unit (FIU)
- Client confirms beneficial ownership information is accurate and up-to-date
Customer Due Diligence (CDD)
For transactions exceeding AED 55,000, Bettroi FZE is required to conduct Customer Due Diligence as
per Cabinet Decision No. 10 of 2019. Client agrees to provide the following documents upon request:
- Valid Trade License certificate
- Tax Registration Number (TRN) certificate
- Emirates ID of authorized signatory
- Company bank account statement (last 3 months)
- Memorandum of Association or equivalent
- Beneficial ownership declaration form
Enhanced Due Diligence (EDD)
Transactions exceeding AED 100,000 require Enhanced Due Diligence. Additional documentation and
verification procedures will be initiated as per UAE Central Bank regulations.
Document Retention & Data Privacy
All transaction records, proposals, invoices, and supporting documents will be securely stored for a
minimum period of 5 years from the transaction date as required by UAE AML regulations. Data is stored
on secure servers within the UAE and handled in accordance with UAE Data Protection Law (Federal
Decree-Law No. 45 of 2021).
Tax Compliance
This TAX INVOICE / QUOTATION complies with UAE VAT regulations as per Federal Decree-Law No. 8 of 2017
on Value Added Tax and Cabinet Decision No. 52 of 2017 on the Executive Regulations of VAT.
| Supplier Tax Details |
Client Tax Details |
Legal Name: BETTROI - FZE
TRN: 104277403200003
Trade License: 3891
Tax Classification: Standard Rated Supplier
|
Legal Name: Limitless Brain Wellness (LBW)
TRN: To Be Provided
Trade License: To Be Provided
Tax Status: Standard Rated
|
Warranty & Liability
Warranty Period: 3 months from deployment date for software bugs and backend API issues.
Scope: Warranty covers defects in workmanship and functionality as per agreed specifications.
Does not cover changes to requirements, third-party service failures, or issues arising from
client-side modifications.
Support: Email support during UAE business hours (9 AM - 6 PM, Sunday-Thursday).
Critical issues addressed within 24 hours, non-critical within 72 hours.
Intellectual Property
- Source code ownership transfers to client upon full payment clearance
- Bettroi retains the right to use non-proprietary components in future projects
- Client proprietary algorithms remain exclusive property of client
- Bettroi may use project as portfolio reference with client approval
Governing Law & Jurisdiction
This agreement shall be governed by the laws of the United Arab Emirates.
Any disputes shall be subject to the exclusive jurisdiction of the courts of Dubai.