Monday, May 27, 2024

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 30 June 2021. Law.

Following the disciplinary action now followed by an intense awareness campaign launched in the traditional and digital media to educate businesses in Dubai about the importance of recording their beneficial ownership data in the business register as per the ruling of the United Arab Emirates, the Emirates N (58) Global Business Practices 2020 The relentless efforts of the Dubai economy to stabilize.

Dubai Economy invites companies registered in Dubai to provide their beneficial ownership data on its eServices page at 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.

WAM / French

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