By | November 4, 2020

The UAE government has been taking a few effective measures for the last couple of years against money laundering and terrorist financing activities. One such decision was the Cabinet Decision No. 58 of 2020 on the Regulation of the Procedures of the Real Beneficiary. This decision requires the companies registered in the free zones and the mainland to keep a register of the Ultimate Beneficial Owner (UBO) and submit the same information to the relevant authorities

Please read the originial post here: https://www.rizmona.com/blog/ultimate-beneficial-owner-registration-for-uae-businesses/