UBO (Ultimate Beneficial Owner) declaration in Dubai refers to the mandatory requirement for businesses operating in the United Arab Emirates (UAE) to disclose and identify their ultimate beneficial owners. This declaration aims to enhance transparency and combat financial crimes by ensuring that the individuals who ultimately benefit from a company's activities are known and accounted for. Businesses are obligated to provide detailed information about their UBOs, including their identity, ownership percentage, and related financial interests. Compliance with UBO declaration regulations is crucial for businesses in Dubai to operate legally and maintain financial integrity.