UBO Declaration in UAE
Take Action Now: Ensure UBO Disclosure for Your UAE Business!
It demands a commitment to transparency and compliance with regulations that foster trust and credibility. As a responsible business owner in the UAE, it is crucial to recognize the significance of fulfilling Ultimate Beneficial Owner (UBO) disclosure requirements.
UBO Regulations in UAE
UBO Disclosure: Embrace Transparency, Empower Accountability!
The UAE Ministry introduced the Ultimate Beneficial Owner (UBO) Regulation in 2020 with the aim of increasing transparency in organizations established in the UAE. The regulation requires all businesses to disclose their ultimate beneficial owners to the Department of Economic Development (DED) as quickly as possible. Failure to submit the required documents can result in license issues and service interruptions.
Why Now Consultant For UBO Declaration Service?
Simplifying UBO Filing in the UAE!
Partnering with NOW Consultant for your UBO needs means you can focus on growing your business, confident in the knowledge
We prioritize customer satisfaction and work tirelessly to ensure that our clients are happy with the services we provide.
Our team is available to provide timely support and guidance to help you navigate the complexities of ESR requirements.
we understand the sensitivity of financial information. We ensure that all information provided to us is kept confidential and secure.
you're choosing a trusted partner who will work with you to ensure your business remains compliant with all necessary regulations.
Requirements For UBO Filing in UAE
In the UAE, various regulations govern UBO disclosure, and it is essential for companies to familiarize themselves with these requirements to ensure full compliance. The main regulatory framework includes:
Frequently Asked Questions
A UBO is a “Ultimate Beneficial Owner,” and it is essential for companies to identify their UBOs as it is a mandatory requirement for compliance with the UAE laws and regulations.
The time required to identify UBOs depends on the size and complexity of the company. However, we aim to provide efficient and timely services to all our clients.
In addition to UBO declaration service in uae, we offer a wide range of business consulting services, including accounting and bookkeeping, tax advisory, and company incorporation services.
Yes, a company in the UAE can have multiple Ultimate Beneficial Owners. In cases where multiple individuals or entities hold substantial ownership interests or have significant control over the company, all of them would be considered Ultimate Beneficial Owners and must be disclosed as part of the UBO verification requirements.