The UAE government, in its ongoing efforts to combat terrorist financing and money laundering, has mandated that all companies maintain a register of their Ultimate Beneficial Owners (UBOs). Failure to comply with these regulations can result in significant penalties.
- How We Can Help
Our expert team is dedicated to assisting you through every step of the UBO submission process:
Corporate Structure
Identifying and analyzing UBOs within your company’s structure.
Information Compilation
Gathering all necessary details required for submission to the licensing authority.
Submission Assistance
Handling the submission process with the licensing authority on your behalf.
Compliance Assurance
Ensuring full compliance with all formalities outlined in the regulations.
Addressing Concerns
Providing guidance and addressing any queries or concerns you may have regarding the regulations.
- Our Capabilities
Penalties for Non-Compliance
Failure to submit UBO details by the deadline can result in administrative sanctions and penalties of up to AED 100,000. Ensure you avoid these penalties by submitting your UBO details on time.
Required Information for Submission
- Ownership details
- Information on all Ultimate Beneficial Owners
- Company business model
- Financial records
- General company information from legal, banking, and auditing sources
- Details of customers and employees
- Who is Considered a UBO?
- Get a Consutation
Stay Compliant, Avoid Penalties
Don’t risk facing penalties for non-compliance. Let us help you navigate the UBO submission process and ensure that your company remains compliant with UAE regulations.
Contact us now to get started and safeguard your business from potential penalties.
