Ultimate Beneficial Owner


Also found in: Acronyms.

Ultimate Beneficial Owner

The person or company that owns a U.S. affiliate of a foreign company. The ultimate beneficial owner may not own the affiliate directly; for example, he/she may own 51% of a company that owns 51% of the U.S. affiliate.
References in periodicals archive ?
The principal issue is whether the parents are the ultimate beneficial owners of the Swiss finance company under the derivative-benefits provision's ownership test.
The Service agreed with the taxpayer's conclusion that the parents should be considered the ultimate beneficial owners of the Swiss finance subsidiary.
The ultimate beneficial owner (UBO) is that person, proceeding up a U.
By country of ultimate beneficial owner (UBO), the largest increase ($52 billion) was attributable to affiliates with UBO's in Europe.
Affiliates, 1982-84, by Industry of Affiliate and Country of Ultimate Beneficial Owner
Investment outlays can be classified by country of foreign parent, as well as by country of ultimate beneficial owner (UBO).
Fleurette also believes that the ultimate beneficial owners of all hydrocarbons rights should be disclosed.
The sale was executed primarily in order to enable BIOeCON and its ultimate beneficial owners to partially meet tax obligations to which it is likely to become subject in the foreseeable future.
withholding agents prior to obtaining the required documentation from the ultimate beneficial owners for the first year of the new QI agreement.
A company, trust or estate, unless one or more persons who are not entitled to benefits under #1, 2, 4, 5 or 6 above are, in the aggregate, the ultimate beneficial owners of a predominant interest in the form of a participation (or otherwise) in such company, trust or estate; or
The company has been advised of the late receipt of the Prospectus and exercise instructions by certain ultimate beneficial owners.
Also, we included a new table of inward direct investment that breaks down the foreign direct investment position in the United States by the industry of ultimate beneficial owners of affiliates.