Ultimate Beneficial Owner definition

Ultimate Beneficial Owner means the individual that ultimately derives the benefits of ownership or control of a body corporate;

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Ultimate Beneficial Owner means an individual who (i) directly or indirectly controls more than 10% of the shares of the company; or (ii) directly or indirectly controls more than 10% of the voting rights of the company; or (iii) has the right to appoint a majority of the board of directors.

Ultimate Beneficial Owner means each individual who ultimately owns or controls, directly or indirectly and legally or neneficially, shares, capital, a right to profits or voting rights of the Applicant or any individual who otherwise exercises control over the management of the Applicant.

Examples of Ultimate Beneficial Owner in a sentence

• We can also do so if you or the Ultimate Beneficial Owner (UBO) is included on a sanctions list or fails to comply with (internal) policy rules, or if you do not cooperate with proper implementation of the pension scheme.

• Name Residential Address Date of Birth Occupation PEP Y/N ² ¹ Ultimate Beneficial Owner - Where no beneficial ownership information is provided, it will be assumed no beneficiary holds 25% or more of the assets of the entity.

• Name Residential Address Date of Birth Occupation Ultimate Beneficial Owner Detail 1 As appropriate to this account, please insert below the details of the natural person(s) who ultimately benefit from this investment regardless of how the account is registered.

• Before opening Account, the Company performs verification for every Client, Client representative, Director, and Ultimate Beneficial Owner (UBO).

• If the Client acts and/or holds the Account for the benefit of a third party, the Client must inform the Company without undue delay on this and submit all documents and information which might be necessary to identify the person on whose benefit the Account is opened and held (Ultimate Beneficial Owner or UBO) and to prove powers of the UBO’s representative.

More Definitions of Ultimate Beneficial Owner

Ultimate Beneficial Owner means the person who:

Ultimate Beneficial Owner means any natural person who actually controls a legal person, a natural person – entrepreneur or a pool of assets, and each natural person for whose behalf those entities perform their business or commerce; ultimate beneficial owners include in particular:

Ultimate Beneficial Owner or “Beneficial Owner” means the natural person who owns or exercises effective ultimate control, directly or indirectly, over a customer or the natural person on whose behalf a transaction is being conducted or, the natural person who exercises effective ultimate control over a legal person or Legal arrangement.

Ultimate Beneficial Owner in relation to the Supplier or the Supplier’s subcontractor, refers to a natural person who owns or controls the Supplier or the Supplier’s subcontractor, whether through direct or indirect ownership and control, or to a natural person who exercises ultimate effective control over the management of the Supplier or the Supplier’s subcontractor.

Ultimate Beneficial Owner. UBO”)" means in respect of a Juristic Person, a natural person who independently or together with another natural person, directly or indirectly:·

Ultimate Beneficial Owner means a natural person who ultimately owns or controls a foreign company, whether directly or indirectly, through at least 25% of shares or voting rights or by exercising effective control in that company through other means. ‘Control through other means’ may be exercised through a chain of ownership or through close relatives or associates having significant influence or control over the finances or decisions of the foreign company.

Ultimate Beneficial Owner means a natural person or individual who