ubo bhmj
Ultimate Beneficial Owner

Ultimate Beneficial Owner

BHMJ provides the service of UBO declaration.

What is UBO declaration in the UAE?

a. According to the Resolution passed by the UAE Cabinet, UBO is a person who directly or indirectly owns and controls a company.

This means:

The person owns 25% or more of an entity’s shares

Has at least 25% of voting shares

Controls the entity through any other means such as appointing or dismissing the majority of directors

b. If such a natural person as mentioned in (1) is not available, UBO will be a person who has control over the company through other means.

c. If no natural person is identified via conditions mentioned in (1) and (2), a person appointed by higher management shall be considered as a UBO

d. If any of the conditions specified above are satisfied by one or more persons, then everyone shall be considered a UBO.

Who is a UBO in a company?

UBO is an individual who holds the most amount of control in the company and owns maximum benefits from the business.

How to submit UBO in UAE?

To submit online:

Browse to htttps://ded.ae

Go to e-services

Add/ modify beneficiary

Login with a UAE pass

Fill in required data and upload documents

To submit in person: Authorized representative of the entity shall go in person to the service center and submit the necessary documents

What is the meaning of UBO?

A UBO or Ultimate Beneficial Owner is the person that is the ultimate beneficiary when an institution initiates a transaction.

What is UBO in UAE?

The UBO is the natural person who, directly or indirectly, owns and controls a company. Who? Individuals with ownership of at least 25% shares or voting rights of a company or someone with the power to dismiss and appoint a majority of a company’s directors.

Can a UBO be a legal person?

A UBO must always refer to a natural human. A UBO has to be a person and cannot be a legal entity. He/she follows the ownership chain upwards till all persons having the ownership have been identified.

Read also:


Economic Substance Regulations