A person or party that owns or controls more than 25% of a company’s shares and/or voting rights. It is also the person or party that ultimately benefits from any transactions made by a company. A UBO’s control or ownership of a company can be direct or indirect. The Cabinet Resolution No 58 of 2020 has provided application guidelines which are to be followed by all the applicable entities.
Gathering information on your UBO and then compiling documentation for submission can be an extensive and delicate process. It may seem tough but consulting us will make the process much easier.
For further guidance in relation to the UBO resolution, please contact us on +971-4-3526330 or write to us on info@kaa.ae.