Beneficial Owner

Tax Glossary Definition

Beneficial Owner

Beneficial Owner – The natural person or entity that ultimately exercises ownership, control, or derives benefit from an asset, company, or account, irrespective of whose name holds the legal title. Identifying beneficial owners is essential for corporate transparency, anti–money laundering efforts, and regulatory compliance.

Example: When company shares are registered in a nominee’s name but the actual investor reaps the profits and decision-making power, that investor is the beneficial owner.

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