The Ultimate Beneficial Owner (UBO) Procedures are the key element to combating money laundering and financing of terrorism

The Beneficial Owner is an individual who owns 25% or more shares (directly or indirectly) or has absolute control in a UAE entity

Applicability– The registration of beneficial owner data is now required for all companies registered in the UAE, including the free zones.

Except

  • Public Shareholding companies
  • Companies owned 100% by federal or local government agencies or companies affiliated with companies owned 100% by the state as well.

Evas International can help,

  • Licensees in the UAE to maintain a Register of Partners/Shareholders and a Register of Real Beneficial Owners at their registered office.
  • Submit the information stated in law to the competent licensing authorities.

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