A 'Legal Person' for the purposes of the law and specifically for the requirement in the UAE to undertake UBO disclosures can be an individual ‘Natural Person’ or it can also be a company acting as a ‘Legal Person’. So for example in a case where a company is acting as the 49% shareholder in a mainland UAE LLC then this company is a ‘Legal Person’ and should be submitted as such in the UBO disclosure.
In the case that the 49% shareholder has full management control of the LLC, and where the 51% is acting as a Nominee then the 49% shareholder would be disclosed as the full UBO for the LLC.
Legal definitions below
For further information on the requirements for UAE UBO disclosures please see our detailed article on the matter
PRO Partner Group can assist fully with gathering your UBO information and we can assist companies to identify and compile the information required to be disclosed with the register and we can translate the information into Arabic and undertake the submission and compliance for you. If you need assistance with UBO disclosure and submissions any other related company set up, restructuring, local partner or PRO support matter in Abu Dhabi, Dubai, the wider UAE, Oman, Qatar or Saudi Arabia, then please do get in touch with us on +971 (0)4 456 1761 for Dubai or +971 (0)2 448 5120 for Abu Dhabi, email us at firstname.lastname@example.org or complete the contact form below and we will be delighted to assist you.
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