UBO stands for Ultimate Beneficial Owner. A UBO is an individual who has an interest in or control over an organisation. For example, as the ultimate owner of an organisation or as a person who exercises control over it. There may be multiple UBOs within an organisation.
ING recognises the following types of UBOs:
"}},{"accordionList":[{"richBody":{"value":"An individual who directly or indirectly holds more than 25% of the shares.
An individual who directly or indirectly holds more than 25% of the voting rights in the general meeting of shareholders.
"},"title":"2. UBO based on voting rights"},{"richBody":{"value":"An individual who directly or indirectly holds more than 25% of the economic interest (entitlement to profits or reserves).
"},"title":"3. UBO based on economic interest"},{"richBody":{"value":"An individual who can exercise influence through a significant say in the organisation in a way other than those described above, without being a director themselves.
This includes individuals who:
Please note: this type is only relevant if no UBO has been identified based on any of the four types above.
If no individual can be identified as a UBO under the types above, the statutory directors, or (managing) partners are regarded as UBOs based on their position as higher level management. If your organisation is registered with the Dutch Chamber of Commerce (KVK), these individuals are listed as such in the register. Examples may include the chairperson, treasurer, or secretary.
"},"title":"5. UBO based on higher level management"}],"componentType":"accordion"},{"componentType":"paragraph","richBody":{"value":"If an individual qualifies as a UBO under more than one type, select the first applicable type from the list above. For example, if a person qualifies as a UBO both based on shareholding and voting rights, you only need to submit this person to us as a UBO based on shareholding.
An Ultimate Beneficial Owner (UBO) is not the same as a legal representative or authorised party. Click here for more information about changing a legal representative of authorised party.
"}},{"componentType":"sectionTitle","title":"Why do I need to submit my UBO information?"},{"componentType":"paragraph","richBody":{"value":"Under the Dutch Anti-Money Laundering and Anti-Terrorist Financing Act (Wwft) and the Financial Supervision Act (Wft), ING is required to identify the UBOs of its business customers and keep this information up to date.
This helps us understand our customers and contribute to a safe and sound financial sector. Therefore, we ask you to submit and maintain your UBO information, for example when there are changes within your organisation or when we review your information.
"}},{"componentType":"sectionTitle","title":"Why do I need to submit my UBO information to both the KVK and ING?"},{"componentType":"paragraph","richBody":{"value":"You are legally required to register your UBOs in the UBO Register maintained by the Dutch Chamber of Commerce (KVK). In addition, you must also submit this information to ING.
ING is not permitted to retrieve this information from the KVK UBO Register. Therefore, we ask you to share the information directly with us so that we can fulfil our legal obligations and keep our records up to date.
"}},{"componentType":"sectionTitle","title":"Who are the UBOs of my organisation?"},{"componentType":"paragraph","richBody":{"value":"Your organisation is responsible for determining who the UBOs are. ING and the KVK cannot advise you on this.
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Please send an email including your organisation's name and full address (including postal code) to updatengegevens@ing.com and indicate that you have received a request to submit UBO information, while your organisation is a sole proprietorship.
"},"title":"Sole Proprietorship (Eenmanszaak)"}],"componentType":"accordion"},{"componentType":"sectionTitle","title":"Ownership and control structure"},{"componentType":"paragraph","richBody":{"value":"UBOs can hold a direct or indirect interest in an organisation. With a direct interest, there are no intermediary entities between the organisation and the UBO. With an indirect interest, one or more intermediary entities, such as holding companies or other legal entities, exist between the organisation and the UBO.
In some situations, we will ask you to submit an organisation chart (a schematic overview of the ownership and control structure). This is required if the ownership and control structure, including the organisation itself and the UBO(s), consists of more than four layers, or if at least one entity is established outside the Netherlands.
More information about an ownership and control structure and how to prepare an organisation chart can be found here.
"}},{"componentType":"sectionTitle","title":"How can I submit my UBO information?"},{"cards":[{"cardSize":"small","cardType":"product","componentType":"productCard","image":{"extension":"jpg","original":"https://assets.ing.com/asset/c7669f1a-7b76-4da0-a906-88a123cbd2cf/Rear-view-of-a-woman-using-a-smartphone-and-laptop-in-a-restaurant.jpg","transformBaseUrl":"https://assets.ing.com/transform/c7669f1a-7b76-4da0-a906-88a123cbd2cf/Rear-view-of-a-woman-using-a-smartphone-and-laptop-in-a-restaurant","type":"image","width":5800},"link":{"url":"/en/business/customer-service/manage-your-details/submit-ubo-information"},"title":"Digitally or by form"}],"componentType":"cards"},{"componentType":"sectionTitle","title":"How do I know whether I need to submit UBO information?"},{"componentType":"paragraph","richBody":{"value":"If we require the UBO information of your company or organisation, for example because it is missing or no longer up to date, we will send you a request.
It is important that we can contact you. Please ensure that your organisation's contact details are up to date, such as correspondence address, email address, telephone number and access to My ING Business
"},"textLinks":[{"text":"Gegevens direct checken","url":"https://mijnzakelijk.ing.nl/banking/settings/organisationdetails"}]},{"componentType":"linkList","iconTitle":{"title":"More about"},"textLinks":[{"text":"UBO-gegevens aanleveren","url":"/en/business/customer-service/manage-your-details/submit-ubo-information"},{"text":"Aanleveren organogram","url":"/en/business/customer-service/kyc/ownership-and-control-structure"}]},{"componentType":"feature","featureName":"survey-starter?surveyName=19a9140c-df14-4681-9687-78f6e0556cbe&withCard=true"}]},"hasMacro":false,"id":"8e91347a-4050-46ae-8b18-1e487b54d610","localeString":"en-GB","mainHeaderZone":{"backLink":{"textLink":{"text":"Know Your Customer (KYC)","url":"/en/business/customer-service/kyc"}},"componentType":"productHeader","coreHeader":{"headerImage":{"altTextNL":"Zakenman aan de telefoon","extension":"jpg","original":"https://assets.ing.com/m/3c9692a0684f7e2b/original/Businessman-talking-on-phone.jpg","transformBaseUrl":"https://assets.ing.com/transform/0420dee7-aed2-4dab-a22a-1286191013c6/Businessman-talking-on-phone","type":"image","width":6125},"subtitle":"Everything you need to know about the Ultimate Beneficial Owner (UBO).","title":"UBO"}},"publishDate":"2026-08-07T13:08:54.151+02:00"}}