Argos KYC

Q. When UBO is another corporate entity?

If another corporate is holding more than 25% of the target corporation, we need the shareholder list and ID of all shareholders who own more than 25% of the shareholder company.
Shareholder list of the shareholder company should also meet the condition of a proper shareholder list.

Q. UBOs own what kind of stocks?

There are two types of shares, Common stock and Preferred stock.
  • Common Stock: represents ownership in a corporation.
  • Preferred Stock: have a higher claim on distributions but usually have no or limited, voting rights in corporate governance.
UBOs are classified based on 'common stock' only, any kind of preferred stocks are not considered such as 'Convertible redeemable preferred stock'.
Last modified 1mo ago