---
title: "ARS LIMITED — Ownership Dossier"
canonical: https://whiteintel.dev/entity/bc185103-676c-540f-922c-6ccc47de2a48
json: https://whiteintel.dev/api/public/dossier/bc185103-676c-540f-922c-6ccc47de2a48
identifier: icij:icijol-55018715
jurisdiction: MT
risk: Medium
source: WhiteIntel corporate-ownership graph
---

# ARS LIMITED

**Type:** Company  
**Jurisdiction:** MT  
**Identifier:** `icij:icijol-55018715`  
**Risk level:** Medium  
**Canonical dossier:** https://whiteintel.dev/entity/bc185103-676c-540f-922c-6ccc47de2a48  
**Structured JSON / MCP:** https://whiteintel.dev/api/public/dossier/bc185103-676c-540f-922c-6ccc47de2a48  

## Ownership & control

### Owners / controllers

- **LUKARDA VASSALLO** (shareholder of) — https://whiteintel.dev/entity/b451d3d4-cdb9-5c9a-a48b-faa15ca4fe9d
- **SIEGFRIED BORG COLE** (shareholder of) — https://whiteintel.dev/entity/bda4a047-788b-5ef4-b67c-37e8313e961a

### UBO chain (walk to the ultimate owner)

A **4-step** ownership/control chain to the ultimate beneficial owner is resolved for this entity. The full cited chain unlocks with a paid API key or a one-off dossier — https://whiteintel.dev/pricing.

## Exposure (derived from the ownership graph)

**2** owners upstream in this entity's ownership/control chain are flagged — a sanctions hit or a secrecy jurisdiction — an investigative lead by resolved identity, not a legal determination. The contributing parties and the hop-by-hop path unlock with a paid API key or a one-off dossier — https://whiteintel.dev/pricing.

## Provenance

- ICIJ Offshore Leaks — https://offshoreleaks.icij.org/nodes/55018715

---

_This is the markdown-for-agents view of the WhiteIntel dossier for **ARS LIMITED**. Human view: https://whiteintel.dev/entity/bc185103-676c-540f-922c-6ccc47de2a48 · Structured JSON: https://whiteintel.dev/api/public/dossier/bc185103-676c-540f-922c-6ccc47de2a48._

_Risk levels are heuristic investigative leads, not legal determinations of beneficial ownership. Every claim carries a source; an absent edge means "not yet observed in current sources", not "does not exist"._