Jun 3, 2025
Navigating Saudi Arabia's New UBO Regulations: A Comprehensive Guide for Businesses
As global efforts to combat financial crime and improve corporate transparency grow stronger, Saudi Arabia has implemented new regulations focused on Ultimate Beneficial Ownership (UBO). These rules require all companies to identify and report individuals who ultimately own or control them. UBO details must be submitted during Commercial Registration (CR) renewal or on the anniversary of CR issuance for companies with multi-year registrations. This measure enhances accountability, aligns with international standards, and ensures businesses operate within a transparent legal framework. This guide explains what UBO means, who must comply, and how companies can meet these requirements to avoid penalties and ensure regulatory readiness.
Read More