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.
Consensus Business Group acts as advisor to the Trustees of a Family Trust which are its ultimate beneficial owners.
The ultimate beneficial owner (UBO) is that person, proceeding up a U.
Table 1 provides historical perspective by showing estimates for 1977-90 by major industry and by major area of ultimate beneficial owner (UBO).
persons by country of ultimate beneficial owner (UBO) and by industry of affiliate.
Name, address and short description of the Interested Party (or of each consortium member in case of a consortium), including its ultimate beneficial owner, and contact details of the person(s) who can be contacted in case of queries; b.
The biggest ultimate beneficial owner is Russian-born Leonid Nevzlin, a business partner who had fled to Israel to avoid prosecution.
A table presenting sample coverage for earlier years by industry of affiliate and country of ultimate beneficial owner appeared in "U.
The accounts were signed by Mrs Ekaterina Ostapchuk on behalf of the designated members of each LLP, namely Coddan Nominee Administrator Ltd and Coddan Nominee Subscriber Ltd who were paid and indemnified by the ultimate beneficial owner of each LLP.
By industry of affiliate, assets were largest, at $153 billion, in manufacturing; by country of ultimate beneficial owner (UBO), they were largest, at $105 billion, for affiliates with Canadian UBO's.
CDB Leasing ), a subsidiary of China Development Bank ( CDB ), is the ultimate beneficial owner of the entity previously unidentified as the customer who placed an order for five Global 6000 jets on December 21, 2012.