Register of beneficial ownership of all Irish companies
Did you know that for transparency purposes all Irish companies must maintain a register of the beneficial owners of the company so that individuals who control all companies can be identified?
Private internal register of Beneficial Ownership
This is a new register that companies must maintain in addition to the existing statutory registers of members and dirctors and share transfers.
Public Register of Beneficial Ownership
In addition there is an obligation to also file this information on a public filing system on a Central Register of Beneficial Ownership of Companies and Industrial and Provident Societies (RBO).
This is a new register in Ireland.
For all Irish companies there is a deadline set of 22 November 2019 for directors to have the filing made in this public register.
A dedicated website and portal is used to make the filing, the RBO website, www.rbo.gov.ie.
There is no filing fee but all registration filings must be made online.
There are detailed FAQs to assist you to make the filing on the new dedicated website https://rbo.gov.ie/
I would recommend that you do not leave this to the deadline day as you may need to gather information that the company may not already have so best to start collecting this information today so that you file in good time before 22 November.
The material in this article is for general information purposes only and does not constitute legal or taxation advice. Specific legal and taxation advice should be sought before acting. All information and taxation rules are subject to change without notice.
No liability whatsoever is accepted by M. McLoughlin & Co. for any action taken in reliance on the information in this article
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