Emirates News Agency – Dubai Economy fines companies for failing to register beneficial owner data

DUBAI, July 25, 2021 (WAM) – The Department of Trade Compliance and Consumer Protection (CCCB) in the Dubai economy has begun imposing fines on companies in the Emirates for failing to register their data beneficial ownership before June 30, 2021. Law.

The disciplinary action now follows a serious awareness campaign launched in traditional and digital media to educate businesses in Dubai about the importance of registering their beneficial owner data in the business register as per the ruling of the United Arab Emirates Cabinet. The Emirates N (58) of 2020, as well as the tireless efforts of the Dubai economy to establish global best practices in business behavior.

Dubai Economy invites companies registered in Dubai to provide their beneficial ownership data on its eServices page at https://eservices.dubaided.gov.ae/BeneficiaryOwner or call center +97144455555. For more details, companies can contact [email protected] or visit one of the accredited service centers of the Dubai Economy.

Translated by: Mervat Mahmood.

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