Provat Corporates is a top provider of business formation and financial services in the UAE. Our skilled staff provides a variety of services, including Business establishment, Compliance, Accounting, Taxation, and more.
Dubai, UAE
With Provat Corporates, you can ensure that your business conforms with UAE Ultimate Beneficial Ownership (UBO) rules. We offer experienced services to assist you effectively identify, disclose, and report your company's ultimate beneficial owners, ensuring complete compliance with local and international requirements.
Ultimate Beneficial Ownership (UBO) refers to natural persons who ultimately own or control a business, even if their ownership is indirect. The UAE has enacted UBO legislation to improve transparency and combat money laundering, tax evasion, and other financial crimes.
Businesses must submit UBO information to UAE authorities as part of their compliance with anti-money laundering (AML) and counter-terrorism financing (CFT) regulations. Failure to appropriately disclose UBOs can result in penalties, fines, and reputational damage.
At Provat Corporates, we assist businesses understand and comply with UBO rules by identifying your company's rightful ultimate beneficial owners. We assist you in writing and filing UBO declarations to the appropriate authorities to guarantee that your company meets the legal requirements.
