A Beneficial Owner
is defined as any natural person(s) who ultimately owns or controls a legal
entity, either through direct or indirect ownership of a sufficient percentage
of the shares or voting rights or ownership interest in the entity, including
through bearer shareholdings, or through control via other means.
(directly or indirectly) of more than 25% of the company/society’s shares;
(directly or indirectly) of more than 25% of the company/society’s voting
through other means may, inter alia, include the criteria of control used for
the purpose of preparing consolidate financial statements, such as:
Through a shareholders’s agreement,
The exercise of dominant influence or,
The power to appoint senior management.
details are needed to be filed with the Central Register?
information is required to be filed for each Beneficial Owner:
the nature & extent of interest held
the nature & extent of control exercised
entry as beneficial owner
cessation as beneficial owner
To find out more about the Register of Beneficial Ownership requirements
what it means for your company, don’t hesitate to contact the team on [email protected] or call the office on
094 – 9027426.