Most businesses will be required to identify the beneficial owner(s) of their business when signing up to DiviPay.
The beneficial owner of your business is:
- Anyone who owns 25% or more of the company's shares
- OR anyone who holds 25% or more voting rights
If there isn't anyone who matches either of these descriptions in your business then please identify the senior managing official (CEO, MD, General Manager etc.).
If you are still confused about who the beneficial owner in your business is please send us a message. We'd be happy to work this out with you.