What is a UBO and a Registrable Controller?

Singapore's corporate transparency requirements mean every company must maintain accurate records of its Ultimate Beneficial Owners (UBOs) and Registrable Controllers.

A Registrable Controller is an individual who has significant interest in or control over the company. This typically includes anyone who holds more than 25% of shares, more than 25% of voting rights, or has the right to appoint a majority of directors.

The UBO goes a step further - it's the natural person who ultimately owns or controls the company, even if that ownership is through a chain of companies. This is part of global anti-money laundering efforts.

Companies must maintain a Register of Registrable Controllers and update it within 2 business days of any changes. Failure to comply can result in significant penalties.

Our corporate secretarial services include maintaining these registers and ensuring your company stays compliant with all transparency requirements.