The RFB defines the Final Beneficiary as:
1. The natural person who, in the last instance, directly or indirectly owns, controls or influences the entity significantly; or the natural person on whose behalf a transaction is conducted.
2. A significant influence is assumed when the natural person:
a. Hold more than 25% (twenty-five percent) of the capital stock of the entity, directly or indirectly; or
b. Directly or indirectly, hold or exercise the preponderance in the social decisions and the power to elect the majority of the administrators of the entity, although without controlling it.