TAX UAE

ultimate beneficial owner

UltimateBeneficialOwnerDeclaration , October 25, 2020
UAE TAX By 
Ultimate Beneficial Owner (UBO) Declaration
Ultimate Beneficial Owner (UBO) Declaration: On 24 August 2020, the UAE Cabinet published Cabinet Decision No. 58/2020 on the Regulation of Procedures Related to Real Beneficiaries. The Resolution introduces new requirements for entities to disclose its beneficial owners which is intended to enhance transparency of the UAE registered entities. These requirements help…
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