Ultimate Beneficial Owners

UBO refers to the individual(s) or entity that ultimately owns or controls a company, and who has significant influence over the company’s decision-making process.

In UAE, a UBO is defined as a person who owns or control, whether it is directly or indirectly a minimum of 25% of the shares or voting rights.

All the companies registered in UAE have the obligation to submit declaration of UBOs and to prepare and maintain and up to date record. Failure to identify and report UBOs accurately can result in penalties, fines, and other sanctions.

At Innovios we can support you in filling and reviewing your UBOs declarations to ensure that your company is compliant with the regulations.