Understanding Cabinet Decision on UBO Procedures: A Non-Lawyer’s FAQ Primer

Introduction to UBO and Cabinet Decision The term Ultimate Beneficial Owner (UBO) refers to the individual or individuals who ultimately own or control an entity, such as a company or trust. This concept is crucial for promoting transparency in corporate structures, particularly in jurisdictions where complex corporate arrangements may obscure true ownership. In the context … Read more

Comparative Analysis of Cabinet Decision on UBO Procedures and Related Frameworks in UAE Free Zones

Introduction to Ultimate Beneficial Ownership (UBO) Ultimate Beneficial Ownership (UBO) refers to the individual or individuals who ultimately own or control a company or legal entity. This concept plays a pivotal role in enhancing transparency within corporate structures, allowing for a clearer understanding of who is behind a particular business venture. In recent years, the … Read more