Here, we are presenting you with the process involved in filing information pertaining to the Ultimate Beneficial Owner (UBO) in United Arab Emirates (UAE):
What all documents need to be filed or submitted?
- Copy of commercial license
- Copy of Memorandum of Association
- Copy of commercial register
- An official letter signed and stamped by the company, stating the names of correct real partners and other details; name, nationality, contact details, address, passport details etc. and that the company bears legal responsibility for the registered data.
How to file:
You have an option to upload the documents either online or in person with outside service centers.
How to submit online:
- Go to the website Department of Economic Development
- Go to Eservices
(You can use the below link to go to the page) https://eservices.dubaided.gov.ae/Pages/Anon/GstHme.aspx?dedqs=PM671p6QBb0lV1okx2JABgxoLLKXOgPx
- Click on Add/Modify Beneficiary
- Login with UAE Pass
(The UAE Pass app is the first national digital identity and signature solution that enables users to identify themselves to government service providers in all emirates through a smartphone-based authentication. It also enables users to sign documents digitally with a high level of security. The link below contains guidance on how to apply and get UAE pass.)
https://www.mohap.gov.ae/Documents/Banner/UAEPASS_User_Guide_1.0.pdf
- Fill in necessary data and upload the documents
How to submit in person:
- Go to the website Department of Economic Development
- Go to “Contact us”
- Click on Service centers to know the list of service centers along with their timings and other details.
The filing or submission should be done by the authorized person on behalf of the entity.
Deadline for submission: The deadline for submission of such information with respect to UBO is 15th of June, 2021.
How YUGA Accounting & Tax Consultancy can help you?
Reach us to have Free Consultancy. We at YUGA Accounting & Tax Consultancy will assist you in taking care of all the procedures involved in UBO Submission process.
Call us today for any kind of assistance at +971 4 2401110
E-mail us at md@yugaaccounting.com to get all your queries addressed.