Task:                     

[07.025-ADGM] - CORP SUPPORT # APPOINTMENT AND/OR CESSATION OF BENEFICIAL OWNERS

Purpose:             

This application form must be submitted by ADGM registered entities to update the details of its ultimate beneficial owners with the ADGM RA.

Legal Entities:    

Companies, Partnerships, Foundations, DLT Foundations

Questions:         

1) Have there been any changes to the name and/or nationality of the UBO? If so, see supporting documents section for required documents.

                              

  2) Verify with the client which details have changed for the UBO – compare to the current details on file and on the ADGM RA entity profile.

                               

3) Do we have access to the client’s entity profile on the KOUNTED portal? If not, this must be requested via ORS.

Pay Attention:   

This application form should only be used to maintain the details of existing beneficial owners. There is a separate application form to Appoint and/or Cease Beneficial Owners.  

Submission:       

Online via the ADGM RA portal https://newreg.adgm.com/

Use the Application Form “Maintain Beneficial Owner Details”

Timeline:             

The application must be submitted within 15 days from the date the change occurred

Timeframe:        

KOUNTED 1-2 working days including drafting the online application, provided all the relevant information has been provided


ADGM: 3-5 working days, returns and timeframe for approval subject to review.

Supporting documents:

                               

1.       Valid passport copy (for individuals) Applicable if name or nationality changed  

2.       A certified true copy of the Certificate of Change of Name, or any similar documents (For corporate UBO) Applicable if name or nationality changed (Noting that foreign language documents must be accompanied by a certified legal translation to the English language & the certified true copy certification must be not older than three months at the time of submission to the ADGM RA)

3.       Updated register of UBOs, in case this is requested by the ADGM RA

 

Applicable Legislation:   

                                               

ADGM Beneficial Ownership and Control Regulations

       

KOUNTED Fees:

Please add the KOUNTED fees

ADGM Fees:      

USD 100/- the same fee applies to all legal entity types

Fine:                     

Up to Level 5 – up to USD25,000


LINKED FILES: