UBO compliance review is an independent assessment of an organisation's beneficial ownership structure, registers, and disclosures to ensure alignment with the UAE Ultimate Beneficial Owner regulations. The primary objective is to verify that the Register of Beneficial Owners, Register of Shareholders, and Register of Nominee Directors have been accurately maintained and submitted to the relevant licensing authority.
In Dubai and across the UAE, UBO compliance applies to all onshore and free zone companies under Cabinet Decision No. 58 of 2020 (as amended). Licensees are required to identify and record their ultimate beneficial owners, maintain updated registers at their registered office, and notify the licensing authority of any changes within the prescribed timelines. Non-compliance can result in administrative penalties, licence suspension, and reputational risk, making a structured UBO compliance review essential for every UAE business.
Independent audit and assurance services designed to enhance financial transparency, strengthen compliance, and build confidence among stakeholders.
We gain a thorough understanding of your business, identify key risk areas, and perform independent external audits that ensure accurate financial reporting and regulatory compliance.
We help businesses meet statutory obligations by reviewing financial and regulatory compliance in line with UAE laws and reporting requirements.
Our compliance reviews evaluate governance practices, regulatory adherence, and internal processes to help organisations minimise compliance risks.
We assess internal controls and business processes to improve operational efficiency, strengthen governance, and support effective risk management.
Our risk-based audit approach focuses on high-risk areas, enabling better control assessment, faster issue resolution, and improved business performance.
We assist businesses in preparing reliable financial reports that comply with applicable accounting standards and support informed decision-making.
Our IFRS advisory services help organisations prepare compliant financial statements that inspire confidence among investors, regulators, and lenders.
A structured UBO review identifies gaps in beneficial ownership registers and disclosures before they result in fines, penalties, or licence suspension.
Accurate UBO records reassure shareholders, regulators, banks, and business partners that the organisation's ownership structure is managed transparently.
Regular UBO compliance reviews help detect outdated or incomplete beneficial ownership information, lowering the risk of non-compliance findings.
Accurate and up-to-date UBO registers make it easier to satisfy bank due diligence and KYC requirements when opening or maintaining corporate accounts.
UBO review findings provide valuable insights that help management strengthen governance processes, improve decision-making, and enhance operational efficiency.
UBO compliance reviews evaluate existing record-keeping systems and recommend improvements that enhance governance, reduce risks, and improve overall business efficiency.
We deliver reliable UBO compliance review services that help businesses strengthen ownership transparency, improve regulatory adherence, and achieve their long-term business objectives with confidence.
With extensive experience serving businesses across diverse industries, we provide independent UBO compliance review services that support regulatory adherence, strengthen ownership registers, and help management make informed decisions while achieving organisational goals.
Connect with ALIA Chartered Accountancy today and get expert guidance.
