Beneficial owner means a natural person-
- who directly or indirectly ultimately owns or exercises substantial control over an entity or an arrangement;
- who has a substantial economic interest in or receives substantial economic benefit from an entity or an arrangement directly or indirectly whether acting alone or together with other persons
- on whose behalf an arrangement is conducted; or
- who exercises significant control or influence over a person or arrangement through a formal or informal agreement;
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BRELA Basic Responsibilities
Company Registration (The Companies Act, Cap. 212);
The Business Names (Registration) Act, Cap. 213 R.E. 2002);
Registration of Trade and Service Marks (The Trade and Service Marks Act, Cap. 326 R.E. 2002);
Patenting (The Patents (Registration) Act, Cap. 217 R.E. 2002);
Issuing Industrial Licenses (The National Industries (Licensing and Registration) Act, Cap 46 R.E. 2002);
Issuing Business Licenses Group “A” (The Business Licensing Act Cap. 208 R.E. 2002)
