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
