Ultimate Beneficial Owner Procedures Regulation commonly known as UBO was introduced in the UAE vides Cabinet Decision No. 58 of 2020 to be effective from 27 August 2020...

Cabinet Resolution No. (58) of 2020 regulating Beneficial Owner Procedures (the “Resolution”) came into effect on 28 August 2020 and replaced Cabinet Resolution No. 34 of 2020 issued earlier this year. The Resolution introduces new requirements for entities to disclose its beneficial owners…