UBO in the UAE

Mandatory registration of the ultimate beneficial owner — the key to business legality and transparency. The company MIRAD helps prepare and register UBO information in accordance with current regulations, avoid fines, and ensure compliance with the requirements of banks, regulators, and partners.

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UBO in the UAE

UBO (Ultimate Beneficial Owner) is a natural person who ultimately owns or controls a company, regardless of the formal ownership structure. In the UAE, disclosure and registration of UBOs is a mandatory requirement for all companies—both Free Zone and Mainland. A properly prepared UBO declaration ensures transparency, legality, and trust from regulators, banks, and partners.

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Who qualifies as a UBO?

An individual owning 25% or more of the company’s shares.
A person who controls company decisions, even without formal ownership.
In the case of a trust or fund—the founder, beneficiary, or governing body.
If the UBO cannot be determined—the senior manager (e.g., director) is recognized as such.

Company obligations regarding UBO

Submit a UBO declaration upon registration and update annually.
Keep information for at least 5 years after company liquidation.
Ensure accuracy and relevance of data.
Provide information upon request of the Ministry of Economy, banks, Free Zones, and international partners.

Liability for non-compliance

Fines up to AED 100,000.
Corporate bank account freeze.
License suspension and non-renewal.
Difficulties opening new banking or investment products.
Loss of trust from international partners.

HowTo: Step-by-step UBO registration in the UAE

Analyze the company structure and identify the ultimate beneficial owner.
Prepare the UBO declaration form as required by the Free Zone or Mainland registrar.
Collect supporting documents: passport copies, proof of address, ownership structure chart.
Submit the UBO declaration to the relevant registry or authority.
Update the information upon changes in shareholders, directors, or ownership structure.
Maintain documentation for future audits and bank requests.

Register UBO in the UAE with MIRAD

We help your company correctly submit the UBO declaration, avoid fines, and ensure transparency for banks and regulators.

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What MIRAD does for clients

Analysis of company ownership structure and UBO identification.
Preparation and submission of the declaration to Free Zone or Mainland.
Preparation of supporting documents: passports, address, ownership diagrams.
Updating data when shareholders or directors change.
Advisory on complex corporate structures (including offshore).
Support during regulator and bank requests.

Why choose MIRAD

500+ UBO declarations submitted for clients from different jurisdictions.
Experience with complex structures: holdings, funds, nominee shareholders.
Knowledge of requirements of all Free Zone and Mainland registrars.
Document preparation in Russian and English.
Full confidentiality and client data protection.

FAQ: UBO in the UAE

❓ Is UBO disclosure mandatory in Free Zones?
✅ Yes, all UAE companies must disclose their ultimate beneficial owner.

❓ How often should the information be updated?
✅ Annually and whenever there are changes in shareholders or directors.

❓ Can a UBO be hidden through a nominee shareholder?
✅ No, UAE legislation requires disclosure of the ultimate owner.

❓ What documents are required for submission?
✅ Typically: passport, proof of address, and ownership structure chart.

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