Every company licensed in the UAE, mainland or free zone, must identify and declare its Ultimate Beneficial Owner (UBO) to its licensing authority under Cabinet Decision No. 109 of 2023. Missing the 15-day update window after an ownership change is treated as a compliance breach, and a stale UBO register is a common reason banks freeze accounts or reject applications during KYC review.
This guide covers who qualifies as a UBO (25%+ ownership or voting control), the three registers every company must maintain, mainland vs free zone filing differences, the 15-day change deadline, and the escalating penalty structure under Cabinet Decision No. 132 of 2023.
Full guide: https://qasproglobal.com/ubo-declaration-uae-2026-requirements-register-penalties/
