UBO Submission And Renewal In Saudi Arabia
To ensure transparency and prevent misuse of corporate structures, the Saudi government mandates the disclosure of Ultimate Beneficial Ownership (UBO) for all registered entities. Accurate UBO declaration is essential to remain compliant and avoid penalties. MHK Services provides complete support for UBO submission and renewal in Saudi Arabia, ensuring your company meets legal obligations on time and without errors.
Why UBO Declaration Is Mandatory In Saudi Arabia With MHK Services
Under regulations issued by the Ministry of Commerce and aligned with anti-money laundering (AML) standards, every company in Saudi Arabia must disclose its real ownership — including individuals who ultimately control or benefit from the business, even indirectly.
MHK Services assists in identifying, documenting, and submitting UBO details while keeping your filings accurate and confidential.
What’s Included In Our UBO Services?
We provide complete filing and renewal assistance including:
- Identification of ultimate beneficial owners through shareholding layers
- Preparing UBO declaration forms as per Ministry of Commerce requirements
- Translation and documentation support (for foreign shareholders)
- Filing the UBO details through the official MoC portal
- Support for companies with complex ownership or foreign structures
- Regular monitoring and reminders for UBO renewal deadlines
- Amendments in case of ownership or structure changes
- Compliance with AML, FATF, and Saudi regulations
- Confidential data handling and secure submission process
MHK Services ensures each step is handled professionally, with attention to detail and regulatory compliance.
Is UBO Filing And Renewal Legally Required In Saudi Arabia?
Yes — failure to submit or update UBO information on time may result in penalties, license restrictions, or future compliance complications. The Ministry of Commerce periodically audits filings, and incorrect or missing submissions may impact CR renewal or tax processes.
MHK Services ensures your UBO records are always accurate, updated, and legally compliant.
Estimated Pricing, Timeline, And Submission Process
Estimated Pricing
UBO submission support starts from SAR 1,000 for companies with simple structures. Complex or multi-layered ownership setups involving foreign shareholders may range from SAR 2,500 to SAR 5,000+, depending on documentation volume and required coordination. We provide a quote after assessing your business structure.
Estimated Timeline
Standard UBO filings are completed within 1–3 business days. For structures requiring translation or multi-party signatures, the process may take 5–7 business days. MHK Services ensures filings are done well within the Ministry deadlines.
How The Process Works
We begin with a review of your CR, ownership records, and shareholder details. Based on your structure, we identify the ultimate beneficial owners, prepare the declaration, and file it through the MoC platform. For renewals, we update any changes and reconfirm ownership before resubmitting.
Benefits Of Timely UBO Compliance
Staying compliant with UBO regulations allows you to:
- Avoid government penalties and delays in license renewals
- Maintain banking and financial credibility
- Demonstrate transparency and corporate responsibility
- Reduce the risk of compliance audits or investigation
- Fulfill AML and anti-fraud requirements
MHK Services ensures your UBO reporting is timely, confidential, and accurate.
Contact Us
Book an Appointment with Us
Schedule a consultation with MHK Services today and discover how our expert Actuarial Valuation and financial consulting services can enhance the accuracy and reliability of your financial records.
What Can Go Wrong With Incorrect UBO Submissions?
Common risks include:
- Financial penalties from the Ministry of Commerce
- Rejection of license renewal or company amendments
- Banking delays due to mismatched UBO data
- Audit complications or ZATCA issues
- Legal risk for directors and shareholders
How MHK Services Manages UBO Filings Efficiently
We offer:
- Accurate mapping of direct and indirect shareholders
- Bilingual documentation and translation where needed
- Regular UBO renewal reminders and updates
- Fast and confidential portal submission
- Advisory support in case of structure or shareholder changes
- Complete recordkeeping and document handover
Why Choose MHK For UBO Submission And Renewal In Saudi Arabia?
MHK Services combines technical accuracy with regulatory knowledge to help you meet UBO requirements without errors or delays. We manage the entire process and keep your records ready for compliance checks.
Need To Submit Or Renew Your UBO Details?
Let MHK Services handle your UBO submission and renewal in Saudi Arabia — on time, securely, and with complete peace of mind
FAQ's
An individual who possesses a substantial ownership stake in a company—typically 25% or more of the shares or voting rights—is known as an Ultimate Beneficial Owner, or UBO. Determining the UBO is essential for transparency and regulatory compliance.
Meeting the regulatory standards imposed by organizations such as the Saudi Capital Market Authority and the Saudi Arabian Monetary Authority requires UBO compliance. It ensures transparency in business operations, reduces the risk of money laundering, and fosters trust with stakeholders.
MHK assists by meticulously identifying UBOs, preparing and submitting UBO declarations, gathering necessary documents, and ensuring continuous compliance through proactive updates and ongoing expert guidance.
The required documents typically include company incorporation papers, shareholder registers, and directors’ registrations. MHK UBO Submission Services will walk you through the precise paperwork required for your particular circumstance.
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