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Declaration of beneficial ownership Supplementary form for trustee and nominee applications Notes to help you This form should be used in conjunction with all applications by a trust, Trust Company
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What is declaration of beneficial ownership?
Declaration of beneficial ownership is a document that identifies the individuals who ultimately own or control a company or entity.
Who is required to file declaration of beneficial ownership?
Certain types of companies are required to file declaration of beneficial ownership, such as corporations, limited liability companies, and partnerships.
How to fill out declaration of beneficial ownership?
The exact process to fill out declaration of beneficial ownership may vary depending on the jurisdiction, but generally, it involves providing information about the company and its beneficial owners, such as their names, addresses, and ownership percentages.
What is the purpose of declaration of beneficial ownership?
The purpose of declaration of beneficial ownership is to increase transparency and prevent illicit activities, such as money laundering and terrorist financing, by revealing the true owners of a company.
What information must be reported on declaration of beneficial ownership?
Information that must be reported on declaration of beneficial ownership typically includes the names, addresses, ownership percentages, and other relevant details of the company's beneficial owners.
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