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Ultimate Beneficial Ownership (UBO) Compliance

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Ultimate Beneficial Ownership (UBO) Compliance in the UAE

At Brooks Management Consultancies LLC, we understand the significance of complying with Anti-Money Laundering (AML) laws, especially the stringent requirements regarding Ultimate Beneficial Ownership (UBO). The UAE government, in alignment with its commitment to combat money laundering and terrorism financing, has mandated the disclosure of real beneficiary owner details through Cabinet Decision No 58 of 2020.
Why UBO Compliance Matters?
The resolution necessitates companies across offshore, free zone, and mainland authorities to disclose their ultimate beneficial owners to regulatory bodies. While complying with these regulations may appear complex, our UBO compliance services in Dubai offer expert guidance, ensuring seamless adherence to these requirements.
Navigating UBO Compliance with Brooks Management Consultancies LLC:
Understanding the complexities, we assist entities in preparing, submitting, and maintaining three vital registers:

Real Beneficiary Register (RBR): Detailed records of beneficial owners, including personal particulars, commencement, and cessation dates of beneficial ownership.
Partners or Shareholders Register (PSR): Comprehensive data on partners or shareholders, their shareholdings, and any alterations in ownership.
Nominee Directors Registry: For entities with nominee directors or managers, maintaining specific details of these individuals is imperative.
Key Requirements & Penalties for Non-Compliance:
Failure to meet these obligations could lead to substantial penalties outlined by Cabinet Decision No. 53 of 2021. These penalties range from fines to suspension of trade licenses, emphasizing the criticality of complying with UBO regulations.

Experienced UBO Compliance Services for Brooks Management Consultancies LLC:

Our team specializes in:
• Assisting in the preparation and submission of UBO registers
• Providing counsel on UBO compliance and ongoing maintenance of records
• Facilitating communication with regulatory authorities in the event of non-compliance or penalties
Consult with UBO Advisors at Brooks Management Consultancies LLC:
As a leading provider of UBO services in Dubai, we navigate the intricate landscape of UBO compliance, ensuring your business remains compliant. Our advisors possess extensive knowledge and can guide you through the creation and upkeep of UBO registers, mitigating risks associated with non-compliance.

Ensure your business is UBO compliant. Consult with our expert UBO advisors at Brooks Management Consultancies LLC today!
Ensure your business is UBO compliant. Consult with our expert UBO advisors at Brooks Management Consultancies LLC today!