Statutory Instrument, No. 110 of 2019 which provides for the establishment of a Central Register of Beneficial Ownership of companies and societies comes into effect on the 22nd June 2019
Companies/societies will have five months in which to file their Beneficial Ownership details with the RBO.
Any company/society who has not filed on or before the 22nd November 2019, will be deemed to be late and may be subject to sanctions as prescribed in the Regulations.
The new website for the RBO has now launched:
https://rbo.gov.ie/
The RBO is the central repository of statutory information required to be held by relevant entities in respect of the natural persons who are their beneficial owners/controllers, including details of the beneficial interests held by them.
Relevant entities are:
- companies formed and registered under the Companies Act 2014 or an existing company within the meaning of that Act, and
- industrial and provident societies registered under the Industrial and Provident Societies Acts 1893 to 2018.
Filing of beneficial ownership data with the RBO must be done through an on-line portal which will open on this new website on 22 June 2019. There are no paper forms or filing fees involved and the RBO office is not open to the public.
The RBO website is designed to give companies and societies as much information as possible to assist you in meeting your beneficial ownership filing requirements. There is a comprehensive Frequently Asked Questions (FAQs) and search facility on this website which will help guide you through your beneficial ownership filing requirements. The information provided in the FAQs does not constitute legal advice and, if in doubt, companies/societies should obtain their own legal advice.