“In the context of a company, the Ultimate Beneficial Owner is a natural person that ultimately owns or controls that company. Ownership is most commonly defined by a person owning, directly or indirectly, 25% or more of the shares or the voting rights in the company.
Control relates to anything, formal or informal, which gives an individual the ability to have a significant influence on the company.
Examples might be the ability to appoint or retire half or more of the Board of Directors; supplying a material loan to the company; or in any way having a veto over strategic actions of the company.”