What is a ultimate beneficial owner (UBO)?

In order to upgrade your Sogexia Business account, you will be asked to supply the identity of all the ultimate beneficial owners (UBOs) of your company and to send their ID documents.

This request comes from a legal obligation that also applies to all the other banks.

What is an ultimate beneficial owner (UBO)?

A UBO is a person owning, directly or indirectly, at least 10% of the shares or voting rights of your company.


Specific cases

My company is held, in whole or in part, by another or other companies:

You will need to supply:

  • The identity of all companies owning at least 10% of the shares or voting rights of your company; and
  • The identity of all persons owning at least 10% of the shares or voting rights of these companies.

If these companies are also owned by another or other companies up to 10% or more of their shares or voting rights, you will need to follow the same procedure by supplying their identity and those of all persons owning at least 10% of their shares or voting rights. And so on until the end of the chain.

My company is an association:

You will only need to supply the identity of the person authorised to manage the account.

My company is an individual or sole proprietorship company :

You will need to supply the identity of the person holding 100% of the shares and voting rights of your company along with the identity of the person authorised to manage the account (if different).

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