Alternative Beneficial Owner

Roaring makes sure you can always be as compliant as possible, and one method is via our alternative beneficial owner solution. An investigation is always made regarding if there is a beneficial owner or an alternative beneficial owner of a company. If it is clear that the company does not have a beneficial owner or when there is a reason to suspect that the person identified as the beneficial owner is not the beneficial owner, an alternative beneficial owner shall be appointed. The state, regions, municipalities, and municipal associations are considered not to have a beneficial owner, which means that an alternative beneficial owner is appointed for these entities.

An alternative beneficial owner is someone who ultimately owns or controls a company, association or other type of legal entity, however not to the extent required for being declared as a beneficial owner, or someone who controls the company through board membership.

The alternative beneficial owner(s) retrieved with this service are people who own more than 5%, and people who are board members of the company either with the role of Chairman of the board or General manager/CEO.

Let us know if there are any further questions by contacting us at customer@roaring.io  or simply sending us a chat message.