TaxSavvyAE

UBO notice from the registrar

The free zone sent a UBO non-compliance notice. How serious is it?

The situation

Registrars issue warnings first, then fines and, for repeats, licence suspension. Fixing the filing quickly usually stops escalation.

The law

  • Cabinet Decision 132 of 2023: Graduated penalties for UBO breaches

What it means for you

Reported penalties include AED 50,000 for not having a register after a warning, with a 30-day window to fix, and AED 100,000 with possible suspension after that. Example: a company that never filed should file now and keep proof. Read the notice for the exact cure date.

What to do

  1. Read the notice and cure period.
  2. Prepare the register.
  3. File through the zone portal.
  4. Reply to the notice with the acknowledgement.

We can do this for youBeneficial owner (UBO) register: identifying owners, filing with the registrar and updating changes: AED 750

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