Beneficial Ownership (UBO) Declaration
Director + Shareholder · used for UK PSC Register · EU UBO Register · US FinCEN BOI
The Beneficial Ownership (UBO) Declaration is a primary cross-border tax compliance instrument prepared/received by Director + Shareholder, used by Thai banks and foreign tax authorities alike.
End-to-end: bank self-certifications → TRC → DTA claims → UBO disclosure → FinCEN BOI → exit-tax planning.
Preparation at Director + Shareholder takes 3-10 working days at 6,500-15,000 บาท. NYC Legal handles intake, residency analysis, drafting, certification, and filing.
Translation to the destination language is then required — English (US/UK/AU/CA/NZ/SG/HK), German (BZSt), French (DGFiP), Japanese (NTA), Dutch (Belastingdienst).
Our 14-country tax-counsel network (US CPA, UK CTA, German Steuerberater, French Expert-comptable, Japanese 税理士) confirms that the Beneficial Ownership (UBO) Declaration is used to its full treaty benefit.
First-pass acceptance at destination authorities: 97-99%.
Coverage
How it works
- 1
Intake & residency analysis
Income sources, day-count, accounts/entities, UBO map, treaty-relief targets.
- 2
Prepare Beneficial Ownership (UBO) Declaration
Completed by Thai/destination tax adviser with parallel-language QA (3-10 days).
- 3
Notarial / Notary
Notarial Services Attorney when required by the withholding agent or destination tax authority.
- 4
Translate & certify
Registrar-listed translator with FATCA/CRS/DTA glossary.
- 5
MFA + Apostille / embassy
MFA Chaeng Wattana → Apostille (Hague) or destination embassy (2-7 days).
- 6
File & track
Submit to withholding agent, financial institution, or destination tax authority + follow-up to confirmation.
Frequently asked questions
How long is the document valid?
W-8BEN valid 3 calendar years post-signature · TRC 1 calendar year · CRS/FATCA self-cert re-issued on change of status.
Where can it be used?
UK PSC Register, EU UBO Register, US FinCEN BOI, Bank onboarding
Total cost?
6,500-15,000 บาท + translation + MFA + Apostille/embassy depending on destination.
Do I need a Thai and a foreign TIN?
Usually yes — Thai TIN (13-digit) + foreign TIN (SSN/NINO/ABN/TFN/etc.).
Non-compliance penalties?
FATCA/CRS misreporting: USD 10,000-50,000 per account · FinCEN BOI failure: USD 591/day (cap USD 10,000) + 2 years criminal.
Thai late-filing penalty?
2% per month of unpaid tax + civil surcharge 1-2x per Sec.27 Revenue Code.
How much does the treaty save?
Dividend: 10-15% treaty vs 30% US domestic · Royalty: 5-15% vs 30% · Interest: 10-15% vs 30%.
When is it operational?
3-10 days for preparation + 5-14 days for MFA/Apostille/embassy.