UBO Registration in UAE is a mandatory compliance requirement for businesses operating across mainland, free zone, and offshore jurisdictions. Under Cabinet Resolution No. 58 of 2020, companies must identify and disclose their Ultimate Beneficial Owners to ensure transparency and strengthen…
The Ultimate Beneficial Owner, better known as UBOs Declaration Form, is a new compliance document recently introduced. The requirement for the same became mandatory as a result of Federal Law 20, 2018 which focused on Anti Money Laundering and countering…
UBO (Ultimate Beneficial Owner) Declaration- Fines on UBO violators The UBO is the person who, directly or indirectly, owns and controls a company. In other words, an individual should be considered as a UBO, if they hold at least 25…
In order to run a business in the UAE, business owners need to know about the frequent changes to Emirati Laws. Even if they don’t have time to get involved directly, they need to know what’s going on to ensure…