30
Aug
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.
These include:
- Ownership (directly or indirectly) of more than 25% of the company/society’s shares;
- Controlling (directly or indirectly) of more than 25% of the company/society’s voting rights;
- Control 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.
What details are needed to be filed with the Central Register?
The following information is required to be filed for each Beneficial Owner:
- Company/ Society Name
- Company/Society Number
- Surname
- Forename
- Date of Birth
- PPS Number
- Nationality
- Address
- Country of Residence
- Statement of the nature & extent of interest held
- Statement of the nature & extent of control exercised
- Date of entry as beneficial owner
- Date of 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 info@tripro.ie or call the office on 094 – 9027426.