Beneficial-owner rules apply to UAE registrars and legal persons alike, whoever the owners are. They define the owner, list who is covered and fix how the registers are kept.
The UAE beneficial owner decision: definition, scope and register duties.
Under the UAE beneficial owner decision (Cabinet Decision 109 of 2023), a beneficial owner is anyone who owns or ultimately controls 25% or more of a legal person's capital or voting rights, directly or through a chain of ownership, or controls it by other means such as appointing or dismissing most directors.
The beneficial owner decision applies to registrars and licensed or registered legal persons in the UAE including commercial free zones, and exempts government-wholly-owned companies, financial free zones and government partners. Financial free zones keep their own regimes.
Legal persons must keep a register of beneficial owners and a register of partners or shareholders, update them within 15 days of learning of a change, and give their data to the registrar; they must also name a UAE-resident natural person authorised to disclose required information to the registrar and may not issue bearer share warrants.
Cabinet Decision No. 109 of 2023 regulating Beneficial Owner procedures (English) — Ministry of Economy and Tourism, UAE
Fact sheet last reviewed 2026-09-28. Jurisdiction rules are confirmed against the sources above; a provider's own requirements differ and are confirmed by the provider.
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You complete official KYC/KYB directly with the regulated financial provider — not with Latynex.
The provider makes the final decision and activates the account. We stay involved if anything needs coordinating.
Latynex is not a bank or electronic money institution. Financial accounts and payment services are provided by independent, regulated financial institutions. Final eligibility and approval are determined by the selected provider, following its own KYC/KYB review.
Under the UAE beneficial owner decision (Cabinet Decision 109 of 2023), a beneficial owner is anyone who owns or ultimately controls 25% or more of a legal person's capital or voting rights, directly or through a chain of ownership, or controls it by other means such as appointing or dismissing most directors.
Legal persons must keep a register of beneficial owners and a register of partners or shareholders, update them within 15 days of learning of a change, and give their data to the registrar; they must also name a UAE-resident natural person authorised to disclose required information to the registrar and may not issue bearer share warrants.
No. Latynex is not a bank, EMI or payment institution. We review your case and, where suitable, introduce it to an independent, regulated financial provider who handles the account itself.
No. No introducer can guarantee a banking or payment-account decision. The provider you are introduced to runs its own KYC/KYB review and makes the final call under its own policies.
Typically: certificate of incorporation, register of directors and shareholders, proof of UBO identity and address, a description of business activity, and evidence of source of funds. Exact requirements vary by provider.
Setup and ongoing fees vary with jurisdiction, ownership structure, business activity, expected turnover and compliance profile. The provider discloses its fees before you proceed, and any Latynex advisory fee is disclosed separately.
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