Following the regulations of 4th EU AML (Anti Money Laundering) directive, a register of ultimate beneficial owners (Register) is established in the Czech Republic as of January 1st, 2018.
All legal entities registered with the public register (typically commercial register) and trusts registered in the register of trusts, are obliged to register their UBO with the Register. The Register is kept by the registration court and it is not public.
Who is considered as UBO?
Natural person who has a legal or factual right to exercise, directly or indirectly, a decisive influence in a corporation, while:
- independently or together with other persons acting in agreement holds or controls more than 25% of voting rights in the corporation or holds more than 25% shares in the corporation,
- independently or together with other persons acting in agreement indirectly or directly control the corporation,
- receives at least 25% of such corporation’s revenue,
- is a member of a statutory body or other executive body, supervisory body, or is in a similar position in the corporation, if real beneficial owner cannot be determined upon the points above.
Beneficial owner shall be registered until January 1st, 2019, while if registered within this deadline, no administrative fee is charged. Registration after January 1st, 2019 will bear additional costs.
We are ready to assist you with the registration of the ultimate beneficial owner and discuss all your specific inquiries, such as list of required documents or information which are being registered about the UBO.
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CONTACT
Nela Čechová
Corporate Services Manager | Accace s.r.o.
Tel: +420 222 753 480
E-mail: Nela.Cechova@accace.com
