Significant influence and control! Who is the beneficial owner?

The meaning of “Significant influence and control” plays a key role in a world where the concept of fiscal transparency is increasingly important. By the way, in December 2015, the UK Department for Business Innovation & Skills published a draft statutory guidance in order to determine whether, in the context of companies, a person is a “person with significant control”.

The draft guidance states that significant influence and control are concepts that should be considered in the alternative. On one side, a position of significant influence exists where a person is able to exercise his influence to ensure that the company, or trust, adopts certain policies or conducts certain activities and, on the other side, a person has the control of a company when he holds the powers to direct the policies and activities of the company.

We will be able to advise you about the procedures that those people have to follow.