MOE to impose fines on UBO violators
The UBO is the person who, directly or indirectly, owns and controls a company. In other words, an individual should be considered as a UBO, if they hold at least 25% shares or voting rights.
Ultimate Beneficial Owner – UBO
Here, we are presenting you with the process involved in filing information pertaining to the Ultimate Beneficial Owner (UBO) in United Arab Emirates (UAE):