L Lost-Wolf-7098 · 21d ago

Dubai Partner 51% vs 49% Shareholding Rule

Im going seriously offline trying to get to grips with the licensing exemptions for qualifying partners in Dubai. The text says least one of the partners needs to be a qualified person but the calculation for the deciding shareholding keeps confusing me. I am worried I might miss this in the exam context because the distinction between a 51 percent holding and a 49 percent holding triggers totally different regulatory outcomes.
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Silent-Student-4553 21d ago

The paid-up capital count is often misleading, just confirm that ICWIM requires the 51% to be calculated against commercial assets.

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Clever_Student_5025 21d ago

I know exactly what you mean. Under ICWIM the qualifying partner must legally own 50 percent of the capital. Going over the 51 percent mark is fine, but 49 percent fails the test.

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Smart-Ninja-4453 20d ago

You are confusing voting rights with asset control. Under ICWIM the qualifying partner must legally own 50 percent of the capital and hold a majority of the *commercial assets* to satisfy the licensing exemption criteria. If you fail to calculate the 51% on tangible assets, you will fail the fit and proper test in the Maturity Level 3 exam. I used exams.academy/certifications/cisi-icwim-fr/ to clarify the asset valuation rules so I could secure that promotion query with confidence.

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Busy-Account-1907 20d ago

It is like a touchdown down to the wire, you must secure the commercial assets count to clear the regulatory line. Do not get tricked by the voting rights figures. If you need to run the playbook for the regulations: /certifications/cisi-fm/

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Grumpy_Ad_3544 19d ago

Stop getting tripped up by the flawed comparison between voting rights and paid-up capital; unless you are securing a senior package exceeding the sector average, these administrative distinctions are irrelevant to your actual earning power. If you cannot quantify the commercial assets in the UAE module, you will never pass the fit and proper test and get the pay raise you deserve. Check the FRR guidelines here: /certifications/cisi-uae-frr/