Before diving into the details of identifying the ultimate beneficial owners of a Hong Kong company, it’s essential to understand what a beneficial owner is. The beneficial owner is an individual or entity that ultimately owns or controls a company, either directly or indirectly. This person or entity can influence the decision-making of the company, benefit financially from its activities, or both. Beneficial owners can be difficult to identify, as they may use complex ownership structures or nominee arrangements to conceal their ownership or control.