Beneficial Ownership refers to the true owner of an offshore company or any other entity or asset, or transaction no matter what is stated in documents, public records etc. The beneficial owner is the one that receives or has the right to receive proceeds or other advantages as a result of the ownership. It is common practice when creating offshore solutions to interpose entities, individuals, or both as stated owners. The beneficial or true owner is contractually acknowledged in side agreements, statements or by other devises.
Related posts: