Simple ownership and control structure with indirect ownership and one owner
In this case, one person is 100% indirect owner of the entity. Indirect means that the owner has ownership or control through another company. In the below example the UBO is owning a Holding company which is a 100 % owner of the company of interest.
This is how you create the ownership and control structure
1. Connect the company with the parent company. Push the “+” above the company of interest.
2. Fill out the Ownership and Voting rights between the parent and subsidiary company.
Now the company is connected to the parent company’s control and ownership structure.
3. In the UBO tab (Ultimate Beneficial Ownership), you can see all officers defined as a UBO.
The reason for UBO status, in this case, is the indirect ownership and indirect voting rights.
4. In the officer overview, you can’t see the relationship to the UBO since there is no direct connection.