Indirect ownership and the ownership chain

Steps

1. 1

   Open Ownership Chain

   In the UBO Register, select Ownership Chain on the left. The line at the top gives the total ownership, the maximum chain depth, the typical depth and the number of indirect owners. All three people are direct, so the depth is 1 level and there are no indirect owners.

   • Select Ownership Chain
2. 2

   Go back to the register and edit an owner

   One shareholder has moved her shares into a holding company. Select Register on the left, then Edit on the row of Huda Ibrahim Al Marri.

   • Select Register3
   • Select Edit
3. 3

   Choose Indirect and name the company in between

   Open Ownership Type and choose Indirect. In Intermediate Entities type the company that now holds the shares, Al Marri Family Holding LLC. If there were several companies in a row, you would list them in order, separated by the greater than sign. The grey example in the box shows how.

   • Select Ownership Type
   • Choose Indirect
   • Type e.g. Holding Company A > Sub-Holding B: Al Marri Family Holding LLC
4. 4

   Select Save Changes

   Select Save Changes. A message says UBO record updated. Her percentage has not changed, only the way it is held.

   • Select Save Changes
5. 5

   Read the chain again

   Select Ownership Chain. The top line now shows a maximum chain depth of 2 levels and 1 indirect owner, and her line in the table shows the ownership type Indirect. The person who controls by appointment is listed too, at 0 percent.

   • Select Ownership Chain3

   

6. 6

   Find Effective Group Ownership

   Scroll down to Effective Group Ownership. This view is for groups of companies: it traces ownership up through companies that own other companies, multiplies the percentages along each path, and marks anyone who ends up with 25 percent or more as a beneficial owner. It works from ownership links, called edges, and none are recorded yet.

7. 7

   Look at the owner type

   Open Owner type. Person is a real person who owns part of this entity. Entity is another company registered in your organisation that owns part of this one; choosing it lets you pick that company from a list. Choose Person.

   • Select Owner type
   • Choose Person
8. 8

   Add the first ownership link

   In Owner type the first shareholder's name, Obaid Saif Al Hammadi. In percent of this entity type 50, add a note, and select Add Edge. A message says Ownership edge added, and he is listed above with 50.00% and the tag UBO.

   • Type Full Name: Obaid Saif Al Hammadi
   • Type % of this entity: 50
   • Type e.g. via nominee agreement: Direct shareholding
   • Select Add Edge
9. 9

   Add the second ownership link

   Add the other shareholder the same way: Huda Ibrahim Al Marri, 50 percent, with a note that the shares are held through the holding company. Both now appear with 50.00% and the tag UBO. Links cannot be edited or removed on this screen, so check each one before you select Add Edge.

   • Type Full Name: Huda Ibrahim Al Marri
   • Type % of this entity: 50
   • Type e.g. via nominee agreement: Held through Al Marri Family Holding LLC
   • Select Add Edge