Registry of Ultimate Beneficial Owners (UBO)
Metropolitan Consulting provides services for the preparation of beneficiaries, partners and shareholders registers, registers maintenance, as well as updating information in case it’s necessary.
- Dubai
- Abu Dhabi
- Sharjah
- Ajman
- Umm Al Quwain
- Ras Al Khaimah
- Fujairah
UBO is an individual or group of individuals who directly or indirectly has an influence on a legal entity within an organization. The beneficiary owns at least 25% of the company shares directly or indirectly. Transactions can be carried out on his/her behalf and ultimate control over the legal entity can be made.
Such a decision was adopted because in international practice, the beneficiary has the right not to disclose his/her identity which can lead to problems with the transparency of the activities conducted. Therefore, on the territory of the UAE, in order to maintain the transparency of the corporate world, the beneficial owner must provide complete and truthful information about himself/herself to local authorities.
The beneficiary declaration must be submitted no later than 6 months from the end of the financial year. Otherwise, the regulatory authorities may impose liability on the UBO.
One or another authority, depending on the jurisdiction where the company is registered, can have control over the procedure for verifying the UBO. Each jurisdiction is authorized to independently determine the requirements, procedure for submitting documents and conditions for passing electronic registration, which the free economic zones offer to enterprise owners.
- 01
Renewal of Licenses
in the UAEA license is required to conduct any business activity in the UAE. The license is issued for a year, after which it must be renewed.
Learn more - 02
Making changes to the Statutory Documents
At any stage of the existence of the company, changes can be made to the licensed list of activities, any change of details for the founders, the authorized capital or even the name of the company.
Learn more
The first company in the group, was established in 2008. We provide advisory and operational support for entrepreneurs, investors, and companies entering or operating in the UAE. Our expertise covers business structuring, corporate support, legal and tax advisory, as well as residency and investment-related consulting. With offices in Dubai and Sharjah, we work with clients worldwide, offering a discreet, structured, and long-term approach.
All services are provided as private advisory and assistance. We do not represent government authorities and do not issue official documents.
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