Ultimate Beneficial Owner (UBO) Services

Ensure Transparency. Maintain Compliance. Protect Your Business.

The UAE’s regulatory framework for Ultimate Beneficial Owner (UBO) is designed to increase transparency in business ownership and curb illegal activities like money laundering and tax evasion. As part of compliance with UAE laws, companies must disclose their ultimate beneficial owners. Failure to comply with UBO regulations can result in significant fines and legal consequences.

What is Ultimate Beneficial Ownership (UBO)?

UBO refers to the individual or individuals who ultimately own or control a company, directly or indirectly. In the UAE, businesses are required to submit detailed UBO information to authorities, including identifying individuals who hold at least 25% ownership or have substantial control over the company. The UBO regulation ensures transparency and is a critical element in combatting financial crimes such as money laundering, tax evasion, and fraud.

Why UBO Compliance is Important in the UAE?

  • Legal Requirement: UBO compliance is mandatory for businesses operating in the UAE. Non-compliance can lead to significant penalties, including fines and potential legal action.
  • Transparency and Accountability: The UAE's UBO regulations promote transparency in business ownership, ensuring that companies operate with integrity and accountability.
  • Mitigate Financial Crime: By accurately identifying and reporting UBOs, companies help combat money laundering, terrorism financing, and other financial crimes.
  • Avoid Penalties: Compliance with UBO regulations helps businesses avoid penalties that can damage their financial health and reputation.