Ultimate Beneficial Owner Advisory
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Business Bay: Floor 21, Binary Tower by Omniyat, Marasi Drive - Dubai
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+971 52 216 2624
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info@zlsca.com
Ultimate Beneficial Owner Advisory
In adherence to the UAE’s Anti-Money Laundering Regulation, businesses must comply with Cabinet Decision No. 58 of 2020, which governs the Beneficial Owner Procedures. This regulation mandates that all business entities (unless specifically exempted) must create, maintain, and submit a Beneficial Owner Register to their respective licensing authorities. By doing so, businesses contribute to the country’s efforts to combat money laundering and enhance transparency in corporate ownership.
We are Always Ready to Assist Our Clients
developing financial processes and procedures
How Can We Help?
At ZLS Chartered Accountant and Advisory, our team of highly experienced legal experts excels in assisting clients with a comprehensive range of services, including:
- Identification of Beneficial Owners: We conduct thorough assessments to identify the Beneficial Owners of your business, ensuring compliance with the legal requirements.
- Preparation of Required Documents: Our experts skillfully prepare all necessary documents, including the UBO Register, UBO Declaration Form, and Partners Register, meticulously ensuring accuracy and completeness.
- Compiling Supporting Documents: We collect all supporting documentation essential for the smooth and efficient submission of UBO documents to the Department of Economic Development (DED).
- Prompt Submission to DED: With a commitment to timeliness, we ensure the swift and accurate submission of UBO documents to the DED, avoiding any potential delays or penalties.
- Company Portal UBO Details Submission: We submit the UBO details in your company's portal, streamlining the process and ensuring full compliance with the regulations. With ZLS Chartered Accountant and Advisory's dedicated support, you can rest assured that your UBO compliance matters are in capable hands, allowing you to focus on your core business operations confidently. Trust our expertise to navigate the complexities of Beneficial Owner requirements seamlessly.