UBO Consultants in UAE
UBO Consultants in UAE
UBO UAE is a firm of leading UBO Consultants in UAE. We provide UBO compliance services to entities – big or small – across the UAE. We ensure that you have suitable regulatory mechanisms in place in your company to abide by the UBO requirements.
Whether it’s the identification of Ultimate Beneficial Owner UAE or handling the documentation for submission, we excel in both services. Our UBO Consultants handle all the queries, doubts, or notifications related to UBO compliance from authorities. Our legal consultants and business advisors make your UBO compliance easier, simpler, and accurate.
We adopt a unique approach to handle UBO compliance procedure and processes for every client of ours. Our UBO Consultants believe in creating a long-term relationship with our clients based on trust and value.
Why you should consult UBO UAE
You should consult UBO UAE for UBO compliance services because:
Our UBO consultants in UAE have the local expertise. These professionals have experience in handling the regulatory compliance of companies. We also have professionals with proficiency in handling legal matters.
Being well-equipped with the industry knowledge and market understanding, we can guide you well. Our proficiency in dealing with UBO requirements gives you an easy road to achieving UBO compliance.
We have the expertise of handling regulatory requirements for UAE companies. That is why you can trust us for handling the submission of documents for UBO registration.
We collect all data, verify it for accuracy, collate as per the law, and organize it as per the stipulated guidelines. We submit the data to relevant authorities within the stipulated deadlines. This process ensures that your UBO registration is accurate, reliable, and abides by the rules.
Similarly, we handle the UBO deregistration process also. If there is any change in the UBO and shareholders/partners, we inform the authorities within 15 days of the change. This guarantees compliance with the deregistration requirements.
The biggest risk that entities face while sharing their company’s data is its security. Entities are concerned about the risk of the professional agency sharing their data with other providers. With UBO UAE, you do not have to worry about data confidentiality.
Our UBO Consultants in UAE work with the principle of keeping our clients’ data and information confidential and secure. We ensure that we do not disclose your company’s data to any third party. Our operations follow the Cabinet Resolution 58 of 2020 that mentions data confidentiality clauses.
We do not leave you midway when you need us the most. We help you with end-to-end UBO compliance. We collect data for you, we verify the accuracy of all information, and we file the UBO registration.
We are ready with answers to any questions raised by the authorities on your UBO compliance. We prepare with all the extra information that the authorities may need for UBO compliance. You do not have to worry about time, completeness, and accuracy of work when you hire us.
Our UBO Consultants in UAE conduct regular reviews of your Registers and information entered in there. We confirm all the information entered in the Registers at regular intervals to remain abreast of any amendments.
This enables us to notify the authorities as and when the changes come. Thus, you remain UBO compliant always. Even the regulatory authorities find your company a reliable and law-abiding entity.
Beneficial owners are the shareholders of an entity. An Ultimate Beneficial Owner is a natural person who owns and controls the legal person. In the case of direct
control, the natural person must hold 25% or more shares or voting rights in the entity directly or through a chain of ownership.
If there is no one having direct ownership, the natural person having indirect control becomes the UBO. Indirect control means having the right to appoint or dismiss the majority of directors or by any other means.
A UBO may also be:
- A nominee member on whose behalf transactions are conducted
- In the case of joint ownership/control, all are deemed as joint owners in the ratio of capital
- In the case of an unidentifiable beneficial owner, the natural person holding the higher management position
This is how governments keep a track of ultimate beneficiary owners of companies to monitor any fraud cases. If any entity engages in fraud, it can be directly traced to the owner, who may have to face consequences. Thus, tracking the origins of fraud and financial crime cases becomes easier.
Also, fearing such legal action, entities refrain from engaging in money laundering, financial crimes, and corporate fraud. This leads to a reduction in the possibility of financial crimes and fraud at the corporate level. As a result, it improves the business environment of the country.
- Entities that are directly or indirectly owned by the Federal government or any Emirates government
- Entities operating in financial free zones, including Abu Dhabi Global Markets (ADGM) and Dubai International Financial Center (DIFC)