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FormW8BENCertificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals)(Rev. October 2021)OMB No. 15451621a For use by individuals. Entities must use
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Understand the purpose of filling out the form (to show how you can be helpful or valuable to a particular situation or group).
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You are a beneficial refers to an individual or entity that ultimately owns or controls a certain percentage of a company's shares.
Companies and organizations are required to file information about their beneficial owners.
The information about beneficial owners can be filled out in a specific form provided by the regulatory authorities.
The purpose of identifying beneficial owners is to increase transparency and prevent illegal activities such as money laundering or tax evasion.
The information reported usually includes the full name, address, identification number, and the percentage of ownership of each beneficial owner.
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