Extension of data submission to the register of beneficial owners

09 Feb Extension of data submission to the register of beneficial owners

The Department of the registrar of companies and Intellectual Property, further to its announcement dated 17 January 2024, wishes to inform the public the following:

1. On 29 January 2024 an extension was granted of the time for the submission of beneficial ownership data for all cases of companies and other legal entities until 31 March 2024. The obligation to submit additional information is regulated for companies or other legal entities whose shareholding structure results in a trust, foundation or other legal arrangement similar to a trust also by 31 March 2024.
2. As of 1 April 2024, non-compliance will result in the imposition of administrative and other sanctions, in accordance with the provisions of the prevention and suppression of money laundering activities law.