UBO Submission And Renewal In Saudi Arabia
UBO (Ultimate Beneficial Ownership) submission in Saudi Arabia is a mandatory disclosure where companies declare the individuals who ultimately own or control the business. The regulation is part of Saudi Arabia’s anti-money laundering framework and is enforced by the Ministry of Commerce. MFD Services helps companies with accurate UBO submissions, updates, and renewals — ensuring timely compliance and avoiding penalties or registration issues.
Why UBO Compliance Matters In Saudi Arabia With MFD Services
UBO compliance is now essential for all entities operating in Saudi Arabia. The Ministry of Commerce requires updated UBO details to maintain transparency about who truly benefits from a company’s operations. Delays or errors in submitting this information may lead to fines, system blocks, or rejection of company renewals.
MFD Services handles UBO filings with precision, ensuring that every submission is backed by verified documentation and aligned with regulatory standards. Whether it’s a first-time UBO declaration or an annual renewal, we manage the process from start to finish.
Types Of Entities Required To Submit UBO Declarations In Saudi Arabia
UBO regulations apply to a wide range of companies and structures, including:
- Limited Liability Companies (LLCs)
- Joint Stock Companies
- Professional Firms
- Foreign Branches
- Holding Companies
MFD’s advisory team identifies how each type of business must report its UBOs based on ownership structure and legal status.
What Are The Legal Requirements For UBO Filings In Saudi Arabia?
The Ministry of Commerce mandates that all companies file their UBO details electronically through the official portal. The submission must include personal data of the beneficial owners, their ownership percentages, and supporting identity documents. Any changes must be updated within 30 days.
MFD Services helps you meet these legal requirements without guesswork. We handle portal access, document preparation, submission, and follow-ups to ensure smooth filing.
What Documents Are Required For UBO Submission In KSA?
To prepare and file your UBO details, the following documents are generally required:
- National ID or Passport copies of beneficial owners
- Shareholding or ownership structure chart
- Memorandum or Articles of Association
- Commercial Registration (CR)
- Power of Attorney (if a third party is filing)
- Proof of residential address of the owners
- Previous UBO submission (for renewal cases)
Our consultants gather and verify all documents to ensure they’re accepted by the Ministry portal without issues.Paste Paragraph after bullets points if have
UBO Filing Cost, Duration, And Process
Estimated Pricing
UBO submission and renewal fees depend on the complexity of the ownership structure and document condition. Basic cases start from SAR 1,500 and may go up to SAR 4,000 for multi-layered or foreign-owned entities. Final pricing is confirmed after reviewing the shareholder structure.
Estimated Timeline
Standard UBO filing or renewal takes 3 to 7 business days. If document clarifications are requested or errors are found, the process may extend slightly. Delays mostly occur due to missing owner IDs or incorrect ownership details.
How The Process Works
We begin by reviewing your company’s structure and identifying all UBOs. Documents are collected and formatted for submission. MFD then logs into the official portal, fills out the UBO form, uploads documents, and completes the declaration. We also handle renewals and monitor deadlines for future compliance.
Contact Us
Book an Appointment with Us
Schedule a consultation with MFD Business Solutions today and discover how our expert Actuarial Valuation and financial consulting services can enhance the accuracy and reliability of your financial records.
How UBO Rules Connect With Other Regulations In Saudi Arabia
UBO compliance links directly with other regulations such as ESR, anti-money laundering (AML), and ZATCA audits. Failure to submit or renew UBO declarations can block CR renewal or attract legal action. Authorities may also cross-check UBO data with tax filings.
MFD ensures your UBO records are always aligned with other compliance areas, protecting your business from regulatory conflicts.
What Challenges Do Companies Face With UBO Filing In Saudi Arabia?
Common issues faced during UBO submission include:
- Not identifying the true beneficial owner properly
- Mismatch between CR and UBO form data
- Incomplete or outdated identity documents
- Failure to update UBO details within the allowed time
- Confusion over multiple shareholder layers
How MFD Services Solves UBO Filing Problems
MFD Services makes UBO submission simple and error-free. Our process ensures that ownership data is accurate, approved, and always up to date.
- Complete review of ownership documents
- Structure charts prepared for portal submission
- Timely reminders for renewal or change notices
- Direct portal submission and follow-up
- Arabic translation support if needed for foreign IDs
Why Choose MFD For UBO Submission Services In Saudi Arabia?
MFD Services handles UBO filings with discipline and accuracy. Clients rely on us to keep their declarations updated, correct, and in line with the latest legal requirements. With our support, companies avoid fines, delays, or submission rejections — and stay in full compliance with the Ministry of Commerce.
Ready To Submit Or Renew Your UBO In Saudi Arabia?
UBO filing doesn’t have to be confusing or stressful. MFD Services is here to manage your submission from start to finish. Whether it’s your first declaration or an annual renewal, we’ll make sure everything is completed on time, properly, and without errors.
FAQ's
UBO compliance involves identifying and disclosing individuals who own or control a significant portion of a business. It is crucial for maintaining transparency, preventing financial crime, and enhancing trust.
Our seasoned professionals conduct a thorough analysis of your company’s ownership structure, ensuring precise identification of ultimate beneficial owners.
Accurate UBO disclosure enhances trust, improves access to finance, and strengthens risk management for businesses.
Yes, our services are tailored to the unique needs of various business entities, ensuring compliance with UBO regulations globally.
Simply contact us through our website, and our team will guide you through the process, ensuring a smooth and efficient UBO registration for your business.