UBO

What is an Ultimate Beneficial Owner? The natural person who ultimately owns or controls the Legal Person, whether directly or through a chain of ownership or control or any-other indirect means, and also the natural person on whose behalf the transactions are being conducted or who exercises ultimate control over a legal person. How do […]

Objective & Scope of Ultimate Beneficial Owner Maintain UAE’s economic position with international requirements To regulate minimum obligations in disclosure of Beneficial Owners, Shareholders, Partners & Nominee Board Members To have effective & enduring regulatory mechanism & procedures for the beneficial owner data Who is a beneficial owner? The Cabinet Decision No. 58 of 2020 […]