To use our services, we ask you to submit and verify some of your information. This information includes details of your personal stakeholders. We request information about the following stakeholders:
We may ask for a copy of valid ID to verify the identity of your stakeholders.
A legal representative is a natural person who is authorised to act on behalf of your organisation.
Ultimate Beneficial Owners
An Ultimate Beneficial Owner (UBO) owns or significantly controls an organisation. A UBO is always a natural person. A company or legal entity can have one or more UBOs.
A UBO is a natural person who:
- Directly or indirectly holds more than 25% of the shares, or;
- Directly or indirectly holds more than 25% of the votings rights, or;
- Directly or indirectly holds more than 25% of the ownership interests (the right to distribute the assets of a company such as profits, reserves, or surplus after liquidation), or;
- Has ownership or control via other means, such as the (veto)right to appoint/dismiss board members or being the ultimate policymaker.
If your organisation does not have a UBO, you should identify one or more pseudo-UBOs. A pseudo-UBO is a natural person who belongs to the senior management of an organisation. This often applies to foundations and associations.
If your organisation doesn’t have a UBO, the following people can (typically) be considered a pseudo-UBO:
- A natural person who is the director of a company, or;
- A natural person who is effectively in control of the company.
- Who are the stakeholders in a Foundation?
- Who are the stakeholders in an Association?
- Who are the stakeholders in a Partnership?
- Who are the stakeholders in a Private Limited Company?
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