Why do we ask for this information?
The information we request is a legal requirement, established by regulators in each country. Its purpose is to promote transparency and prevent the use of complex corporate structures to conceal funding of terrorism, money laundering, tax evasion, and other crimes. Undoubtedly, it's good for all of us to be in an environment as healthy and safe as possible.
The terms may vary slightly in each jurisdiction - although all are similar - we ask you to adapt the requested information to your legal environment in the most reasonable way.
Most common questions
- What do you mean by ownership?
In general terms, the real owner or effective owner/beneficiary of a company (UBO’s) refers to:
o Owners: The natural person or persons who own more than 25% of the company's shares or stakes, or who in some way exercise effective control of the company.
o Executives: People who exercise significant control of the company. These individuals are responsible for managing and directing it. Common figures include the CEO, CFO, COO, president, and general manager.
o Administrator: Ultimately, if such individuals do not exist, it is understood that control of the company is exercised by the administrator(s). In this case, if the administrator is also a company, it is understood that such control is exercised by the natural person who has been appointed by it.
- What if the owner of the company is a legal entity such as a trust or parent company?
In that case, it would be necessary to identify the owner or owners of such legal entity.
- What documents do I need to upload?
Some countries require companies to verify effective ownership by registering the data in records created for this purpose, or by granting deeds before a notary (Real Ownership Certificate). If you have any of these documents, upload them in the corresponding place.
- Is there any exception to identifying ownership?
Yes, there are exceptions for identifying the real owner for a company that is listed on a regulated market, and subject to information requirements in accordance with the Law of the Union or equivalent international standards that ensure adequate transparency of ownership information.
- What happens if some data changes?
In that case, we would need you to update the information.