A licensee is a juridical person or an unincorporated partnership that is registered in UAE and conducts any one or more of the Relevant Activities. A licensee under ESR can be a:
• A public or private shareholding company
• A limited liability company
• A partnership
• A joint venture company
But, the following categories are not considered as a licensee:
• A natural person
• A trust
• A sole proprietorship
• A foundation