Beneficial Owner

beneficial owner is the individual who ultimately owns, controls, or benefits from a company or asset, even if it is legally registered under another name. The UAE has strengthened Ultimate Beneficial Owner (UBO) regulations under Cabinet Decision No. 58 of 2020, requiring companies to disclose their true ownership structure to combat money laundering and financial crime. This regulation applies to most UAE mainland and free zone companies, except those in financial free zones like DIFC and ADGM, which have their own disclosure requirements. Compliance with UBO regulations is critical, as failure to register accurate information can lead to penalties and business restrictions.

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About ATB Legal

ATB Legal is a full-service legal consultancy in the UAE providing services in dispute resolution (DIFC Courts, ADGM Courts, mainland litigation management and Arbitrations), corporate and commercial matters, IP, business set up and UAE taxation. We also have a personal law department providing advice on marriage, divorce and wills & estate planning for expats.

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Beneficial Owner