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UBO UAE – Your trusted Ultimate Beneficial Ownership services partner

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Stay on the top of evolving regulations impacting your business with UBO UAE

KRIPTOVALIUTŲ RINKOS RODIKLIAI

The fight against money laundering, tax evasion, and other financial crimes is on a rise across the world. Globally, organizations and companies are focusing on achieving compliance with AML/CFT norms. One of the requirements for this is identifying the Ultimate Beneficial Owner (UBO) of a company.

In regards to this, the UAE released Cabinet Decision No. 58 of 2020 to regulate the UBO requirements and procedures. The Resolution came into effect on August 28, 2020. It replaced the previous Cabinet Resolution No. 34 of 2020.

Accordingly, the applicable entities must disclose their Ultimate Beneficial Owner/s by the stipulated date. The initial deadline for filing UBO details was October 27, 2020, which was extended further. Compliance with this regulation proves the entity as transparent and honest with the authorities.

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Besides the Register of UBO, entities must also maintain a register of Partners or Shareholders. They are also expected to maintain a Register of Nominee Directors and/or Managers. They must also notify the relevant authority of any change in any of the above registers within 15 days of such change.

With such compliance, it becomes easier to trace financial crimes when they occur. Authorities get a guarantee that entities are complying with global AML and CFT requirements. This is how the UAE economy is making efforts to reduce money laundering and terrorism financing activities.

Let’s connect to discuss, develop, and implement procedures and mechanisms for your UBO compliance

AXELAR KRIPTOVALIUTŲ NAUJIENOS

UBO UAE understands the criticality of these Ultimate Beneficial Owner requirements. So, to make your life easier, we relieve the stress of UBO compliance requirements from your head.

We are a leading provider of UBO compliance services to entities in the UAE. Our relevant expertise and knowledge of the UAE market enable us to handle your UBO compliance smoothly.

KAIP ANALIZUOTI KRIPTOVALIUTŲ RINKĄ

I was looking for some professional help for complying with UBO requirements. A business associate suggested UBO UAE’s name. I discussed my issues and I was happy with their response.

They helped me achieve compliance with the Ultimate Beneficial Owner requirements. Could not have asked for better professional help. Big thanks to UBO UAE.

Partner, IT company

When the UAE government issued the UBO requirements, immediately we started with the process of compliance with it. Yet, we got stuck in the middle. That is when we took the help of UBO UAE.

We are impressed with their comprehensive services. They help with the documentation, continuous reviewing, and constant support. The best part is the assurance of data confidentiality. Thanks to UBO UAE for helping us comply with UBO requirements.

CFO, Manufacturing firm

When you are confused about regulatory compliance, you need a trustworthy services provider. And, I found that in UBO UAE. The firm has helped us develop suitable effective procedures to comply with Ultimate Beneficial Owner requirements. We would surely recommend their name, if you are looking for UBO compliance support.

Owner, Food and beverages company

UBO UAE helps you achieve the necessary compliance with UBO requirements

MONETŲ BAZĖS PRANEŠIMAI

01 What is UBO in UAE?

UBO Regulations in UAE aims to mitigate the financial threat as these regulations help to identify the who will be benefitted ultimately from the actions

02 Who needs to file UBO?

The UBO shall be the person who, directly or indirectly, owns and controls a company. Individuals with ownership of at least 25% shares and voting rights of a company, or someone with the power to dismiss and appoint most of a company’s directors shall be considered as a UBO.

03 What is Cabinet decision No 58 of 2020 UAE?

Cabinet Decision No. (58) of 2020 Regulates the Beneficial Owner Procedures which is in line with Federal Decree-Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organizations and Cabinet Decision No. (10) of 2019 on the Executive Regulations of Federal Decree-Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organizations.