Gupta Accountants
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Compliance of UAE Beneficial Ownership Regulations in Abu Dhabi

​Gupta Accountants realizes the complex challenges of compliance with UAE Ultimate Beneficial Ownership Regulations while doing business. Gupta Accountants provides range smart solutions for compliance with UAE Ultimate Beneficial Ownership Regulations.  
Introduction of Ultimate Beneficial Ownership Regulations in UAE:
  • 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. The main purpose is to enhance transparency of entities registered in the UAE, as well as  to develop effective and sustainable executive and regulatory mechanisms and procedures in respect of beneficial owner data.​
  • The Resolution requires entities licenced in the UAE (unless exemptions apply) to prepare and file a Ultimate Beneficial Owner (“UBO”) register, Nominee Director register (if applicable) and a Partners or Shareholders register, with the relevant authority within sixty (60) days from the date the Resolution came into effect, being 27 October 2020, or by the date the entity is established.
1.  Register for the Ultimate Beneficial Owner
2.  Register for the Nominee Directors/ Manager
3.  Register for the Partners / Shareholders
The UBO Regulations apply to mainland companies and companies incorporated in non-financial free zones ​
Non Financial Free Zone in Abu Dhabi 
  • Abu Dhabi Airport Business City​
  • Abu Dhabi Ports Company​
  • ​Higher corporation for specialized economic zones/ ZonesCorp​
  • Industrial City of Abu Dhabi
  • Masdar City
  • TwoFour54​


Who is Ultimate Beneficial Owner (UBO) ?
  • UBO are natural persons who ultimately own or control or have the right to vote with minimum 25% shareholding of the company, whether through direct or indirect ownership or who have the right to appoint or dismiss the majority of the Directors / Managers.
  • If no natural person satisfies the condition above, then any natural person who exercises control over the company through other means shall be deemed as the UBO.
  • If no natural person satisfies both conditions above, then a natural person who is responsible for the senior management of the company will be deemed as the UBO.
Who is  Nominee Directors / Manager​ ? 
  • ​Directors / Managers acting in accordance with the instructions of another person.
Who is Partner / Shareholder ? 
  • Partner / Shareholder of the company as per the memorandum or incorporating documents of the company. 
UBO COMPLIANCE IN DUBAI   |   ABU DHABI   |   SHARJAH   |   RAK   |   AJMAN   |   FUJAIRAH   |   UAQ
Gupta Accountants competent team as UBO-AML-CFT Consultants in Dubai, provides supports at all the stages of compliance with UAE Ultimate Beneficial Ownership Regulations ​
VAT | REGISTRATION | COMPLIANCE | AUDIT | REFUND | CONSULTING 
Why Gupta Accountants ? 
  • Professionally qualified Chartered Accountants with experience in  UBO-AML-CFT Consulting  and Advisory in Dubai. 
  • Cost Effective UBO compliance services in Dubai and UAE.
  • Compliance to local, International standards & applicable rules and regulations. 
  • Free Advisory
Gupta Accountants could assist with the UAE UBO Compliance (Ultimate Beneficial Ownership regulations), AML (Anti Money Loundering),  CFT (combating the Financig of the Terrorism and Illegal Organisations,   to the companies based in Dubai Airport Free Zone -DAFZA,Dubai Auto Zone, Dubai Cars and Automotive Zone, Dubai Design District, Dubai Flower Centre, Dubai Gold and Diamond Park, Dubai Healthcare City, Dubai Industrial City, Dubai International Academic City, Dubai International Financial Centre -DIFC, Dubai Internet City ,​Dubai Knowledge Park, Dubai Logistics City, Dubai Maritime City Authority, Dubai Media City, Dubai Multi Commodities Centre -DMCC, Dubai Outsource Zone, Dubai Science Park, Dubai Silicon Oasis - DSO, Dubai Studio City, Dubai Production City​ , Dubai Development Authority, ​​​Dubai Techno Park (New name: National Industries Complex)​, Dubai Textile City, Energy and Environment Park, International Humanitarian City , ​Jebel Ali Free Zone Authority JAFZA, Jumeirah Lakes Towers Free Zone, Dubai Production City, Abu Dhabi Airport Business City, Abu Dhabi Global Market -ADGM, Abu Dhabi Ports Company​, ​Higher corporation for specialized economic zones/ ZonesCorp, Industrial City of Abu Dhabi, Masdar City, TwoFour54, ​Hamriya Free Zone Authority, USA Regional Trade Center Free Zone, ​Sharjah Airport Free Zone Authority, Ajman Free Zone Authority, Umm Al Quwain Free Zone Authority, RAK Investment Authority Free Zone, RAK Maritime City​, Ras Al Khaimah Free Trade Zone, Ras Al Khaimah Media Free Zone, RAK Economic Zone - RAKEZ, Creative City Fujairah, Fujairah Free Zone Authority, International Free Zone Authority - IFZA
logo of the gupta accountants, dubai
"WE AT GUPTA ACCOUNTANTS, ASSIST IN THE TIMELY AND CORRECT OBLIGATORY COMPLIANCES BY YOUR BUSINESS BASED IN UAE AND ADD VALUE BY REDUCING THE COST OF NON- COMPLIANCE​"
HEAD OFFICE 
PO Box 123 383 Dubai UAE 
T: +971 4 396 7982 
M: +971 55 9893299 
​E:  info@guptaaccountants.com 

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  • HOME
  • ABOUT US
    • GUPTA ACCOUNTANTS
    • MANAGEMENT
    • UNITED ARAB EMIRATES
  • SERVICES
    • ACCOUNTING >
      • Accounting Dubai
      • Accounting Abu Dhabi
      • Accounting Sharjah
      • Accounting RAK
      • Accounting Fujairah
      • Accounting Ajman
      • Accounting UAQ
    • AUDIT COMPLIANCE >
      • Audit Dubai
      • Audit Sharjah
      • Audit RAK
      • Audit AD
      • Audit Ajman
      • Audit Fujairah
      • Audit UAQ
    • AUDIT INTERNAL >
      • Review Dubai
      • Review AD
      • Review Sharjah
      • Review RAK
      • Review Ajman
      • Review Fujairah
      • Review UAQ
    • VAT REGISTRATION >
      • Registration Dubai
      • Registration AD
      • Registration Sharjah
      • Registration Ajman
      • Registration Fujairah
      • Registration RAK
      • Registration UAQ
    • VAT DEREGISTRATION >
      • Deregistration Dubai
      • Deregistration AD
      • Deregistration Sharjah
      • Deregistration RAK
      • Deregistration Ajman
      • Deregistration Fujairah
      • Deregistration UAQ
    • VAT COMPLIANCE >
      • Compliance Dubai
      • Compliance AD
      • Compliance Sharjah
      • Compliance Ras Al Khaimah
      • Compliance Fujairah
      • Compliance Ajman
      • Compliance Umm Al Quwain
    • VAT CONSULTING >
      • Consulting Dubai
      • Consulting AD
      • Consulting Sharjah
      • Consulting RAK
      • Consulting Fujairah
      • Consulting Ajman
      • Consulting UAQ
    • VAT REFUND >
      • Refund Dubai
      • Refund AD
      • Refund Sharjah
      • Refund RAK
      • Refund Ajman
      • Refund Fujairah
      • Refund UAQ
    • VAT VDS >
      • VDS Dubai
      • VDS AD
      • VDS Sharjah
      • VDS RAK
      • VDS Ajman
      • VDS Fujairah
      • VDS UAQ
    • VAT AUDIT >
      • VAT Audit Dubai
      • VAT Audit AD
      • VAT Audit Sharjah
      • VAT Audit RAK
      • VAT Audit Ajman
      • VAT Audit Fujairah
      • VAT Audit UAQ
    • ESR COMPLIANCE >
      • ESR Dubai
      • ESR Sharjah
      • ESR RAK
      • ESR AD
      • ESR Ajman
      • ESR Fujairah
      • ESR UAQ
    • UBO COMPLIANCE >
      • UBO DUBAI
      • UBO AD
      • UBO SHARJAH
      • UBO RAK
      • UBO AJMAN
      • UBO FUJAIRAH
      • UBO UAQ
    • UAE AML COMPLIANCE >
      • AML DUBAI
      • AML ABU DHABI
      • AML SHARJAH
      • AML AJMAN
      • AML RAS AL KHAIMAH
      • AML UAQ
      • AML FUJAIRAH
  • CONTACT
  • BLOG
  • Insights
    • VALUE ADDED TAX - UAE >
      • FAQ - How to >
        • How to check TRN validity in UAE
        • How to de-register under VAT in UAE
        • How to apply for VAT registration in UAE
        • Supplies not eligible for input tax recovery under VAT in UAE
        • Supplies not eligible for input tax recovery under VAT in UAE
        • Input VAT Adjustments under Capital Assets Scheme
      • FAQ - Place of Supply >
        • Place of supply of goods under VAT in UAE
        • Place of supply in case of export of goods
        • Place of supply of specific goods
        • Place of supply of services
        • Place of Supply of Certain Transport Services
        • Place of Supply of Services Related to Real Estate
        • Place of Supply of Telecommunication and Electronic Services
        • Place of supply of services in special cases
      • FAQ - Registration >
        • Introduction to VAT Laws in UAE
        • Frequently Used Terms in Indirect Tax System
        • VAT Registration in UAE
        • Who should register under VAT
        • Tax Registration Number (TRN)
        • VAT registration Deadlines in UAE
        • VAT Group Registration
        • VAT Registration Threshold Calculation in UAE
        • Input Tax Recovery under VAT in UAE
        • What is Capital Asset Scheme in UAE VAT ?
    • CORPORATE TAX - UAE >
      • INTRODUCTION OF CORPORATE TAX - UAE
      • Public Consultation Document Issued
    • Due dates