Can an entity be a beneficial owner of another entity?

Beneficial owner

An entity or individual that has the benefits of ownership without being the registered owner.

The entity or individual that benefits the most from a legal entity or arrangement, and has the most control over it.

When an entity owns more than 25% of a subsidiary that is owned by multiple corporate entities under the control of the same natural person.

A beneficial owner can be an individual who has significant responsibility for managing, controlling, or directing a legal entity.
A beneficial owner can be an individual who has authority over the appointment or removal of a majority of the board of directors or a senior officer.
A beneficial owner can be an individual who holds the position of a senior officer, such as a president, chief financial officer, or chief executive officer.
A company should keep records of the actions taken to identify its beneficial owners.
If a company is unsure of who its beneficial owners are, it can seek legal advice.