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:
A copy of an ID is required to verify the identity of your stakeholders.
A legal representative is a natural person who is authorized to act on behalf of your organization.
Ultimate Beneficial Owners
An Ultimate Beneficial Owner (UBO) owns or significantly controls an organization. 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 25% or more of the shares, or;
- Directly or indirectly holds 25% or more of the votings rights, or;
- Directly or indirectly holds 25% or more 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 organization 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 organization. This often applies to foundations and associations.
If your organization 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.