All Collections
Forming your company - general
General
Who is the Ultimate Beneficial Owner (UBO) of an ADGM entity?
Who is the Ultimate Beneficial Owner (UBO) of an ADGM entity?
Kathryn Burke avatar
Written by Kathryn Burke
Updated over a week ago

The Ultimate Beneficial Owner (UBO) of an ADGM entity is:

Test 1: Any person who has 25% or more direct or indirect ownership or voting rights in the company; or

Test 2: Any person who controls the company;

If no one is identified through Test 1 and Test 2, then the UBO will be any person who holds the position of officer of the company (i.e. the Board of Directors).

Did this answer your question?