An insight into the revamped Ultimate Beneficial Ownership Regulations in the UAE as of 2024
A recent overhaul of the regulations concerning the determination of an Ultimate Beneficial Owner (UBO) has brought about considerable changes in the UBO determination and filing for entities in the UAE. The most significant is…
DIFC Entities: Are You Compliant with the New Ultimate Beneficial Ownership Regulations?
Background The Dubai International Financial Centre (DIFC), on 12 November 2018, issued the Ultimate Beneficial Ownership Regulations (“UBO Regulations”) with a deadline of 12 February 2019 to comply with its requirements. Owing to the high…