Get Declaration Of Ultimate Beneficial Ownership (ubo)

Filling out the Declaration of Ultimate Beneficial Ownership (UBO) is an important step for organizations to declare their ownership structures. This guide provides clear instructions for completing the form online, ensuring that users understand each section and its requirements.

Follow the steps to complete the UBO form effectively.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. For clients other than individuals or trusts, begin by certifying the list of natural persons who control the ownership. Provide their names, percentage of holding, PAN, and KRA status in the designated fields.
3. If applicable, declare controlling ownership interests. Remember to list those who own more than 25% of shares for companies, more than 15% for partnerships, or more than 15% for unincorporated associations.
4. In scenarios of doubt regarding beneficial ownership, identify natural persons exercising control through voting rights or agreements. Ensure that this information is accurate and complete.
5. If no natural person is identified, provide details of the senior managing official of the organization.
6. For clients that are trusts, certify details of the settler, trustee, protector, and beneficiaries with 15% or greater interest. Make sure to include their names, percentage of holding, PAN, and KRA status.
7. Carefully review the declaration section to confirm that all information is true and correct. This ensures compliance and prevents issues with application processing.
8. After completing the form, save your changes. You can then choose to download, print, or share the UBO form as needed.

Complete your documents online efficiently and ensure compliance by following these steps.