Ultimate Beneficial Owner (“UBO”) Advisory
Beneficiary Owner Procedures requires all business entities (unless exempt by the regulation) to prepare, maintain, and submit a Beneficial Owner Register with its respective licensing authorities.
The UBO details have become critical after the implementation of the
Economic Substance Regulation in the UAE, as the ESR Report requires details of the Ultimate Parent Company and Ultimate Beneficial Owner and as a primary requirement of Anti-Money Laundering Regulation in the UAE, Cabinet Decision No. 58 of 2020.
Our experienced team successfully help clients with:
- Identification of Beneficial Owners
- Preparation of all relevant and required documents such as UBO Register, UBO Declaration Form and Partners Register
- Compiling supporting documents required for the submission of UBO
- Submission of UBO documents to the DED and in the portal