Our valued sponsor

Which countries don't have public UBO registers?

7889

Active Member
Sep 5, 2018
193
97
28
Visit site
Obviously, classic offshores fit the bill, but they're becoming more and more useless, as far as i can tell. What countries other than that don't have public free/paid access to information about companies UBOs and/or directors?
 
There is nothing left which could be of use to anyone. There may be exceptions with the US states we have discussed here i.e. Wyoming, New Mexico and so, but Im'm not sure how much they protect your privacy.
 
Do you know current situation in UK? There's a lot of conflicting information and i've never dealt with UK myself
As already said here, forget UK all is public available.

I have also heard this thing with Georgia JSC - honestly, the agent I approached told me I had to come to Georgia in person to arrange for this. I will still have to provide passport and utility bill but it won't be public available he claim.

The story sounds a little bit fishy to me so I didn't wanted to spend time nor money on it.
 
  • Like
Reactions: hernanday
Privacy is far from dead!

Most offshore jurisdictions do not have UBO registers, they hold Shareholder and Director registers which in most cases consist of nominee details. They are not effective at capturing genuine UBO information anyway and only know what they are told. In addition, while genuine regulated agents will have an obligation to carry out due diligence and KYC etc, we realistically only know what we are told. Yes checks are done and people identified, but in reality we as agents rely heavily on the information provided by our clients. If a client is well organised, has considered the information they are passing on, has their own nominee who then appoints an agent nominee for example, it is very difficult for anyone (agent included) to know whether the information available is correct or not.

Even when UBO registers to do happen the same situation exists. How does anyone know that the UBO is actually the UBO. Then you can consider the use of Trusts etc which genuinely alter the UBO and which can legitimately work for you.

Things have always changed, scrutiny has always increased, transparency has always existed and people have always found a way to make it work for them.
 
  • Like
Reactions: Btraveler

Latest Threads