A beneficial owner is an individual who ultimately owns or controls more than 25% of a company’s shares or voting rights, or who otherwise exercises control over the company or its management. One who ultimately enjoys the income on the asset and also controls such income receipts and the assets itself. E.g.For example, aAccording to OECD, the recipient of a dividend is the ‘beneficial owner’ of that dividend if he has the full right to use and enjoy the dividend, unconstrained by a contractual or legal obligation to pass the payment to another person.