4 - UBO based on both direct and indirect ownership

UBO based on direct and indirect ownership from different entities

In this case, one individual is owning 28% of a company. The ownership comes from 10 % ownership of two different entities and a 20 % direct ownership of the company of interest.

In the below example:

• The UBO owns 10 % of Holding 1. This gives him a 5,6% indirect ownership of the company of interest.
• The UBO owns 10 % Holding 2. This gives him a 2,4 % indirect ownership of the company of interest.
• The UBO owns 20 % of the company of interest
• In total, the ownership is thereby 28 %, and therefore is he a UBO.

This is how the ownership and control structure is created

1. In the UBO tab (Ultimate Beneficial Ownership), you can see all officers defined as UBO.

The reason for UBO status, in this case, is both direct and indirect ownership.