{"id":6256,"date":"2024-08-15T14:54:31","date_gmt":"2024-08-15T14:54:31","guid":{"rendered":"https:\/\/www.chamberofcommerce.sx\/?page_id=6256"},"modified":"2025-07-23T15:24:23","modified_gmt":"2025-07-23T15:24:23","slug":"ubo-registry","status":"publish","type":"page","link":"https:\/\/www.chamberofcommerce.sx\/?page_id=6256","title":{"rendered":"UBO Registry"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"6256\" class=\"elementor elementor-6256\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0a6b8e6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0a6b8e6\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8b12e1e\" data-id=\"8b12e1e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-90e4e22 elementor-widget elementor-widget-text-editor\" data-id=\"90e4e22\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4>The Ultimate Beneficiary Owners Registry<\/h4>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-98e98a8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"98e98a8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6753427\" data-id=\"6753427\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ef5f542 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"ef5f542\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2af4d3e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2af4d3e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-6df201a\" data-id=\"6df201a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-d35dc69\" data-id=\"d35dc69\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-d14ae18\" data-id=\"d14ae18\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7c744c2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7c744c2\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-058a678\" data-id=\"058a678\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2112941 elementor-widget elementor-widget-text-editor\" data-id=\"2112941\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The<strong> Ultimate Beneficiary Owner registry<\/strong> (hereinafter: UBO registry) is a secured database\/registry assembled and maintained by the St. Maarten Chamber of Commerce &amp; Industry (hereinafter: COCI) that contains information about the ultimate beneficial owners of a company or other legal entity.<\/p><p>The UBO register was established in accordance with the Chamber Registry Decree (Handelsregister Besluit) <a href=\"https:\/\/lokaleregelgeving.overheid.nl\/143983\/1\">Article 16-21<\/a>. This decree specifies the registration requirements for various legal forms, supplementing the provisions of Article 109 of the second Book of the Civil Code for St. Maarten. According to these stipulations, the person responsible for administration must report information regarding the beneficial owners to a designated entity. This entity is determined by national decree and is authorized to issue general measures, including setting further rules about the form, content, and reporting procedures for the UBO register. <a href=\"https:\/\/www.chamberofcommerce.sx\/wp-content\/uploads\/2025\/06\/COCI-UBO-Registry-Guide.pdf\"><span style=\"text-decoration: underline;\">Find the PDF of the UBO registration guide here<\/span><\/a><\/p><p><a href=\"https:\/\/www.chamberofcommerce.sx\/wp-content\/uploads\/2025\/07\/UBO-Declaration-Form-Public-Entity.pdf\" target=\"_blank\" rel=\"noopener\"><b>UBO Declaration Form<\/b><\/a><\/p><p><a href=\"https:\/\/www.chamberofcommerce.sx\/wp-content\/uploads\/2025\/07\/Basic-UBO-Declaration-Form.pdf\" target=\"_blank\" rel=\"noopener\"><b>Basic UBO Declaration Form<\/b><\/a><\/p><p><a href=\"https:\/\/www.chamberofcommerce.sx\/wp-content\/uploads\/2025\/07\/Detailed-UBO-Declaration-Form.pdf\" target=\"_blank\" rel=\"noopener\"><b>Public Entity Declaration Form<\/b><\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6e08734 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6e08734\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-f096f7e\" data-id=\"f096f7e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1265fcf elementor-align-center elementor-widget elementor-widget-button\" data-id=\"1265fcf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.chamberofcommerce.sx\/wp-content\/uploads\/2025\/07\/UBO-Declaration-Form-Public-Entity.pdf\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">UBO Declaration Form<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-19cc78e\" data-id=\"19cc78e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9af1752 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"9af1752\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.chamberofcommerce.sx\/wp-content\/uploads\/2025\/07\/Basic-UBO-Declaration-Form.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Basic UBO Declaration Form<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-cd0e9e2\" data-id=\"cd0e9e2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-82e2b5f elementor-align-center elementor-widget elementor-widget-button\" data-id=\"82e2b5f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.chamberofcommerce.sx\/wp-content\/uploads\/2025\/07\/Detailed-UBO-Declaration-Form.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Public Entity Declaration Form<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-932c6ef elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"932c6ef\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-59d5927\" data-id=\"59d5927\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f2699eb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f2699eb\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bf95c4e\" data-id=\"bf95c4e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-44d11c0 elementor-widget elementor-widget-html\" data-id=\"44d11c0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<iframe src=\"https:\/\/cocimagazine.aflip.in\/68be616687.html\" width=\"100%\" height=\"600\" frameborder=\"0\" allowfullscreen><\/iframe>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-57b6f5f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"57b6f5f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-8602870\" data-id=\"8602870\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7195f37 elementor-widget elementor-widget-accordion\" data-id=\"7195f37\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1191\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1191\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">How to register an UBO<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1191\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1191\"><p>Notaries, shareholders, and UBOs (or their authorized signatories) are permitted to register a UBO with the St. Maarten Chamber of Commerce &amp; Industry. The UBO registration must be submitted within seven (7) days of establishment of the entity or when a change in UBO occurs and a new UBO is introduced after incorporation.<\/p><p><strong>Registration is done via the COCI online portal using the I-F form<\/strong>, which is specifically for the initial registration of shareholders, UBO information, and when introducing a new shareholder\/UBO not previously registered.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1192\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-1192\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">How to amend registered UBO information<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1192\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-1192\"><p>To amend the information for an already registered UBO, the I-A form is used. This form is also used for the deregistration of a UBO. Any changes must be submitted to the St. Maarten Chamber of Commerce &amp; Industry within seven (7) days.<\/p><p><em><u>Failure to comply with the National Ordinance on the Trade Registry is punishable by law and may result in penalties and fines of up to NAF 50,000.00 guilders.<\/u><\/em><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1193\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-1193\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Refusal of UBO registration<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1193\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-1193\"><p>If the Secretary is convinced that the registration has been made by an authorized person, the Secretary will proceed to register the beneficial owners. If the registration appears incorrect, the Secretary will advise the board or the petitioner to amend or revoke it. The registration will then be returned with instructions.<\/p><p>The Secretary will refuse registration if not satisfied that it is from an authorized person or if:<\/p><ol><li>The registration is contrary to statutory regulations, law, public order, or good morals.<\/li><li>The statement is contradictory or incomplete.<\/li><li>The statement conflicts with the existing information in the trade register.<\/li><li>There is reasonable doubt about the correctness of the statement.<\/li><\/ol><p>If the registration is refused, it will be returned to the board or applicant with the reason for refusal. The Secretary will request a new declaration within two weeks from an authorized person. If the new statement does not follow instructions or is not corrected in a timely manner, the Secretary will report this to the competent authorities with access to the UBO register.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1194\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-1194\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Competent Authoroties and UBO Register<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1194\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-1194\"><p>The UBO (Ultimate Beneficial Owners) register&#8217;s data is accessible only to specific authorities in Sint Maarten, such as the Public Prosecution Office, the Central Bank, the Financial Intelligence Unit, and the Tax Inspector. These authorities attain access to the data only within their legal duties. When data about beneficial owners is requested, it is categorized under natural persons, and the information is provided confidentially.<\/p><p>UBO\u2019s can verify whether their data is included in the UBO register, which records are maintained in the active registry or archive. The Chamber of Commerce provides this information upon request, even confirming if no data is recorded. Proper identification and\/or authorization is required from the applicant.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-bbb13d1\" data-id=\"bbb13d1\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b3d8bb7 elementor-widget elementor-widget-accordion\" data-id=\"b3d8bb7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1881\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1881\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">UBO Data Registration Requirements<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1881\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1881\"><ol><li><strong>Entity Information<\/strong>:<\/li><\/ol><p>\u00a0\u00a0 &#8211; Name of the entity<\/p><p>\u00a0\u00a0 &#8211; Crib number<\/p><p>\u00a0\u00a0 &#8211; Trade register number<\/p><ol start=\"2\"><li><strong>Beneficial Owners (Natural Persons):<\/strong><\/li><\/ol><p>\u00a0\u00a0 &#8211; Name, date of birth, country of birth, nationality<\/p><p>\u00a0\u00a0 &#8211; Home address and state of residence<\/p><p>\u00a0\u00a0 &#8211; Crib number (for Sint Maarten residents) or tax identification number\/legal ID number (for non-residents)<\/p><p>\u00a0\u00a0 &#8211; Justification for being considered a beneficial owner<br \/><br \/><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1882\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-1882\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Documents to be deposited in the UBO Register<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1882\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-1882\"><p>For each entity, the UBO register requires the most current versions of specific documents that clarify the reasons why natural persons are registered as beneficial owners. These documents include:<\/p><ol><li>Shareholders&#8217; Register<\/li><li>Deed of Incorporation<\/li><li>Other Notarial Deeds<\/li><li>Partnership agreement<\/li><li>Organizational Chart<\/li><li>Other Relevant Documents<\/li><li>Copy of Power of Attorney (if applicable)<\/li><\/ol><p>These documents help verify the structure and control of the entity, providing transparency regarding its ultimate beneficial owners.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1883\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-1883\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Additional Documentation and Interest Disclosure in the UBO Register<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1883\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-1883\"><p>Documentation Requirements for Beneficial Owners:<\/p><ol><li><strong>Copy of Proof of Identity:<\/strong><\/li><\/ol><p>A valid identification document must be provided for each beneficial owner.<\/p><ol start=\"2\"><li><strong>Non-Residents of Sint Maarten:<\/strong><\/li><\/ol><p>An official document, not older than six months, from a foreign civil registry or similar authority must be submitted. This document should indicate the country of legal residence for the beneficial owner.<\/p><p>Disclosure of Beneficial Owners&#8217; Interest:<\/p><p>The UBO register classifies the interest of beneficial owners in a company into the following categories based on their percentage of ownership or control:<\/p><ol><li>75 to 100 percent<\/li><li>50 to 75 percent<\/li><li>25 to 50 percent<\/li><li>Up to 25 percent with a lower threshold potentially set under Article 45 of the ALL<\/li><\/ol><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1884\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-1884\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Registration Timeline<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1884\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-1884\"><p><strong>Newly Established Entities:<\/strong><\/p><p>UBO data must be registered within 7 days of incorporation or establishment.<\/p><p><strong>Existing Entities:<\/strong><\/p><p>Entities already listed in the trade register have twelve months from the establishment of the UBO register to submit the required information.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-eeddbef elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"eeddbef\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fe47b81\" data-id=\"fe47b81\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-93a1949 elementor-widget elementor-widget-heading\" data-id=\"93a1949\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Submitting your UBO Documents<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e5fa54e elementor-widget elementor-widget-text-editor\" data-id=\"e5fa54e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>When submitting your Ultimate Beneficiary Owner documents to the St. Maarten Chamber of Commerce &amp; Industry, ensure that the form is sealed to maintain confidentiality.<\/p><p>All clients must fill out the contact form provided by COCl. The contact form must be attached to the sealed envelope when submitting the confidential file.<\/p><p>Clients are required to deliver their confidential files to COCI&#8217;s Business Center (adjacent to the main office) and drop their envelope into the locked drop box located in the Business Center. This process is essential for ensuring compliance and protecting sensitive information.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-37a7344 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"37a7344\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-652acb5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"652acb5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-044c2b7\" data-id=\"044c2b7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-51d7674 elementor-widget elementor-widget-heading\" data-id=\"51d7674\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">What is UBO?<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-98917d6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"98917d6\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6969c34\" data-id=\"6969c34\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9848593 elementor-widget elementor-widget-text-editor\" data-id=\"9848593\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>UBO stands for \u201cUltimate Beneficial Owner\u201d or \u201cultimate entitled person.\u201d A UBO is the individual who owns or effectively controls an organization: the ultimate beneficial owner of the company. The Sint Maarten Chamber of Commerce &amp; Industry (hereinafter referred to as &#8220;COCI&#8221;) has been designated as the entity responsible for maintaining the UBO register.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-417138b elementor-widget elementor-widget-heading\" data-id=\"417138b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Why is there an UBO register?<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0d1eb31 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0d1eb31\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-111c9e0\" data-id=\"111c9e0\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-77acd13 elementor-widget elementor-widget-text-editor\" data-id=\"77acd13\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The registration of UBOs aims to ensure the integrity of the financial system by combating tax crimes, fraud, terrorist financing, money laundering, and corruption. To achieve this, increased transparency about the UBOs of companies, legal entities, partnerships, trusts, and similar legal structures is essential. Establishing a UBO register provides the necessary transparency, as recommended by the Financial Action Task Force, in Sint Maarten.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ddf0a49 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ddf0a49\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-97441fe\" data-id=\"97441fe\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-db4b5f4 elementor-widget elementor-widget-heading\" data-id=\"db4b5f4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Who is Required to Provide Information About the UBO?<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4fec658 elementor-widget elementor-widget-text-editor\" data-id=\"4fec658\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The owner of the company\/legal entity is obligated to register UBO information however based on the articles of incorporation the board or director of an entity may be responsible for registering the beneficial owners in the prescribed manner in the UBO registry.<\/p><p>If a deed and articles of association, or an amendment thereof, concerning a legal entity, or a deed concerning a trust or similar legal construction and\/or foreign entities, has been executed before a notary, the notary is obliged to make the prescribed declaration to the UBO register.<\/p><p><strong>The following entities are obliged to provide information about their beneficial owners:<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ac61a05 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ac61a05\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-68e6822\" data-id=\"68e6822\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bb903d6 elementor-widget elementor-widget-vt-elate_services\" data-id=\"bb903d6\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;service_icon&quot;:&quot;icon-target&quot;}\" data-widget_type=\"vt-elate_services.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"eclt-service service-style-two\"><a href=\"\" ><div class=\"eclt-icon\"><i class=\"icon-target\"><\/i><\/div><\/a><h3 class=\"service-heading\">Foundations, Associations, Companies<\/h3><p>Foundations, private fund foundations, associations, public limited companies, and private companies.<\/p><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-ec57d6c\" data-id=\"ec57d6c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-141aa43 elementor-widget elementor-widget-vt-elate_services\" data-id=\"141aa43\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;service_icon&quot;:&quot;icon-target&quot;}\" data-widget_type=\"vt-elate_services.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"eclt-service service-style-two\"><a href=\"\" ><div class=\"eclt-icon\"><i class=\"icon-target\"><\/i><\/div><\/a><h3 class=\"service-heading\">Partnerships<\/h3><p>Companies formed through agreements to cooperate for the joint account of two or more persons, with cooperation aimed at achieving financial benefits for all partners through contributions by each partner<\/p><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-3a1c5d3\" data-id=\"3a1c5d3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9e8baac elementor-widget elementor-widget-vt-elate_services\" data-id=\"9e8baac\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;service_icon&quot;:&quot;icon-target&quot;}\" data-widget_type=\"vt-elate_services.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"eclt-service service-style-two\"><a href=\"\" ><div class=\"eclt-icon\"><i class=\"icon-target\"><\/i><\/div><\/a><h3 class=\"service-heading\">Trusts<\/h3><p>Trusts<\/p><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-7ae5ceb\" data-id=\"7ae5ceb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7a97ff7 elementor-widget elementor-widget-vt-elate_services\" data-id=\"7a97ff7\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;service_icon&quot;:&quot;icon-target&quot;}\" data-widget_type=\"vt-elate_services.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"eclt-service service-style-two\"><a href=\"\" ><div class=\"eclt-icon\"><i class=\"icon-target\"><\/i><\/div><\/a><h3 class=\"service-heading\">Foreign Legal Entities<\/h3><p>Foreign Legal Entities<\/p><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-05bd656 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"05bd656\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2f8e36d\" data-id=\"2f8e36d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-854d895 elementor-widget elementor-widget-heading\" data-id=\"854d895\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Who qualifies as an UBO by law?<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-488d20c elementor-widget elementor-widget-text-editor\" data-id=\"488d20c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>These criteria apply mutatis mutandis to similar legal entities and structures under both local and foreign laws.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1d5ec00 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1d5ec00\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-67fadb4\" data-id=\"67fadb4\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-58a6d42 elementor-widget elementor-widget-text-editor\" data-id=\"58a6d42\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>General Criteria:<\/strong><\/p><p><strong>Primary:<\/strong> Person with 25% or more ownership or voting rights.<\/p><p><strong>Secondary:<\/strong> Person on whose behalf the transaction is made, if no primary UBO.<\/p><p><strong>Tertiary:<\/strong> Senior management or board members, if no primary or secondary UBO.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-5689e0e\" data-id=\"5689e0e\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7a60268 elementor-widget elementor-widget-text-editor\" data-id=\"7a60268\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Specific Entities:<\/strong><\/p><p><strong>Private and Public Companies:<\/strong> Same criteria as general, with 25% threshold for shares, voting rights, or ownership interests.<\/p><p><strong>Companies:<\/strong> Persons with 25% or more of profits, votes, or control.<\/p><p><strong>Associations:<\/strong> Persons with 25% or more of votes or control.<\/p><p><strong>Foundations:<\/strong> Founders, directors, beneficiaries, or those with ultimate control.<\/p><p><strong>Trusts<\/strong>: Founders, trustees, protectors, beneficiaries, or those with ultimate control.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-22ca2ad elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"22ca2ad\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0830ea6\" data-id=\"0830ea6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-78ea733 elementor-widget elementor-widget-heading\" data-id=\"78ea733\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">UBO and Shareholding?<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cce96eb elementor-widget elementor-widget-text-editor\" data-id=\"cce96eb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>UBO information is linked to shareholding, and as such the share register will serve as a source and verification document. While shareholding of lesser percentages may occur, while majority control is vested with such a shareholder, <strong>COCI requires UBO information on 100% of the shareholding to be registered. <\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6e41a18 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6e41a18\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c03ec5b\" data-id=\"c03ec5b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2c03950 elementor-widget elementor-widget-heading\" data-id=\"2c03950\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Reporting and Enforcement Procedures for UBO Data in the Chamber of Commerce<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b18360b elementor-widget elementor-widget-text-editor\" data-id=\"b18360b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Reporting Discrepancies:<\/strong><\/p><p>Competent authorities must report any discrepancies between the UBO register&#8217;s data and other information they possess about beneficial owners to the Chamber. However, if reporting such discrepancies would unduly disrupt their legal duties, this requirement may be waived. The Secretary of the Chamber processes these reports and informs the entity&#8217;s board about the changes.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9039bcb elementor-widget elementor-widget-text-editor\" data-id=\"9039bcb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Reporting Discrepancies:<\/strong><\/p><p>Competent authorities must report any discrepancies between the UBO register&#8217;s data and other information they possess about beneficial owners to the Chamber. However, if reporting such discrepancies would unduly disrupt their legal duties, this requirement may be waived. The Secretary of the Chamber processes these reports and informs the entity&#8217;s board about the changes.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-363e45b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"363e45b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8d134bc\" data-id=\"8d134bc\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2314a13 elementor-widget elementor-widget-heading\" data-id=\"2314a13\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Transitional and Final Provisions for UBO Register Implementation<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ebc5fe8 elementor-widget elementor-widget-text-editor\" data-id=\"ebc5fe8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Reporting Discrepancies:<\/strong><\/p><ol><li><strong>Initial Data Entry:<\/strong><\/li><\/ol><p>The COCI will accept for the period August 1- December 31, 2024, presented submission in hardcopy on the basis of the COCI forms.<\/p><p>As of 2025, all deposits into this registry will occur via the COCI portal.<\/p><p>Existing registrants will be invited to complete their registrations in the UBO registry in the transition period through media communications.<\/p><p>UBO registration deposits occur via a specific and confidential method and submissions are not to be tendered to COCI front office staff.<\/p><ol start=\"2\"><li><strong>Grace Period for Existing Entities:<\/strong><\/li><\/ol><p>Entities that were registered in the commercial register at the time the national decree came into effect are granted a twelve-month period to comply with the new requirements and provide the necessary information to the UBO register.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-de8df58 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"de8df58\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9bbe5c7\" data-id=\"9bbe5c7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-33e6f0f elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"33e6f0f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"The Ultimate Beneficiary Owners Registry The Ultimate Beneficiary Owner registry (hereinafter: UBO registry) is a secured database\/registry assembled and maintained by the St. Maarten Chamber of Commerce &amp; Industry (hereinafter: COCI) that contains information about the ultimate beneficial owners of a company or other legal entity. The UBO register was established in accordance with the[&#8230;]","protected":false},"author":1,"featured_media":0,"parent":774,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-6256","page","type-page","status-publish","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.chamberofcommerce.sx\/index.php?rest_route=\/wp\/v2\/pages\/6256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chamberofcommerce.sx\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.chamberofcommerce.sx\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.chamberofcommerce.sx\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chamberofcommerce.sx\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6256"}],"version-history":[{"count":70,"href":"https:\/\/www.chamberofcommerce.sx\/index.php?rest_route=\/wp\/v2\/pages\/6256\/revisions"}],"predecessor-version":[{"id":6502,"href":"https:\/\/www.chamberofcommerce.sx\/index.php?rest_route=\/wp\/v2\/pages\/6256\/revisions\/6502"}],"up":[{"embeddable":true,"href":"https:\/\/www.chamberofcommerce.sx\/index.php?rest_route=\/wp\/v2\/pages\/774"}],"wp:attachment":[{"href":"https:\/\/www.chamberofcommerce.sx\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}