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DECLARATION OF ULTIMATE BENEFICIAL OWNERSHIP HBO (mandatory For Nonindividuals) To be filled in BLOCK LETTERS (Please strike off section(s) that is/are not applicable) 1 APPLICANT/ INVESTORS DETAILS:.

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For example, an individual may own less than 10% of the client entity at any single level of the ownership chain, but if the ownership comprises 10% more in aggregate, such an individual is considered a UBO.

The definition of who constitutes a UBO varies between jurisdiction, but generally a UBO is defined as an individual who holds a minimum of 10-25% (dependent on jurisdiction) of capital or voting rights in the underlying entity.

The ultimate beneficial owner (UBO) is the natural person who ultimately owns or manages a company. This person does not have to be known directly as the owner.

As per the requirements of Anti-Money Laundering related laws and regulatory guidelines on client due diligence and identification of Beneficial Ownership, investors (other than Individuals) are required to provide details of ultimate beneficiary owner [UBO] and submit appropriate proof of identity of such UBOs.

An ultimate beneficial owner (UBO) is the real person (sometimes referred to as 'natural person') who owns or controls a customer account at a bank or financial service provider. In this context, natural persons are distinct from 'legal persons' which refers to entities like companies.

What is the difference between UBO and shareholders? A shareholder is a person or entity that owns shares in a corporation, whereas a UBO is the ultimate owner or controller of a legal entity, including a corporation. In some instances, the shareholder and the UBO may be the same individual or organisation.

What Is Ultimate Beneficial Ownership? A UBO is the person that is the ultimate beneficiary of a given financial transaction. The definition of a UBO varies between jurisdictions, but in general, a UBO is an individual who holds 25% of the capital or voting rights of the underlying entity.

ing to the Money Laundering Act (GwG), a beneficial owner is a person who owns more than 25% of the company's shares, controls more than 25% of the voting rights or who can similarly exercise significant control over the company.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232