Ultimate Beneficial Owner (UBO)
Under UAE Cabinet Resolution No. 58 of 2020, companies must maintain a register identifying individuals who ultimately own or control 25% or more of the company, a disclosure requirement specific to UAE corporate compliance and accounting records.
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Utilization Rate
Utilization rate measures how effectively a company uses its available resources, such as labour hours or machinery capacity. It is…
Usury
Usury refers to the practice of charging excessively high interest rates on loans beyond legally permitted limits. While primarily a…
Upstream Transaction
An upstream transaction occurs when a subsidiary sells goods or services to its parent company. In consolidated financial statements, unrealised…
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