BDO Kuwait is pleased to invite you to a webinar on the recently issued regulations in Kuwait concerning the identification and reporting of Ultimate Beneficial Owners (“UBO”). Under Ministerial Order No.4 of 2023 (“the Resolution”), all entities registered in Kuwait are obliged to undertake certain due diligence procedures and report their UBOs to Ministry of Commerce and Industry.
AGENDA:
Introduction
Requirements under the Resolution
How to identify an UBO
Compliance requirements and deadlines
Kuwait income tax implications
Implications for FATCA & CRS due diligence
Q&A
Attendees are welcome to send us questions ahead of the webinar.