Law No. 2571 made changes to the procedure for submitting information on the ultimate beneficial owner of a legal entity to the state registrar. The good news: from now on, there is no annual confirmation of information about the UBO (Article 17-1 was removed from the Law on State Registration). However, the submission of information about the UBO in the case of individual registration actions remains, but the following concepts are introduced: information about the UBO, ownership structure, and information about the UBO and the ownership structure. Changes are also being made to the methods of submitting information about the UBO.
© 1996 – 2024 Education and Research Institute for Business, Economics, and Management