Post by atumdjeheuty on Mar 9, 2021 20:15:04 GMT 4
As per Cabinet Resolution No. 58 of 2020, all entities registered in the UAE are required to disclose information concerning their Ultimate Beneficial Owners (UBO) to their respective licensing authorities. Companies that have not complied so far are urgently required to take action to avoid being exposed to penalties.
Jebel Ali Free Zone Authority (JAFZA) issued an announcement earlier this month confirming that the deadline set for the submission of the relevant UBO Form is 31 March 2021.