From 1 January 2018, the obligation to register the real owner of a legal entity registered in the public register and trust fund trustee registered in the Trust Fund Register, to register their real owner.
This obligation must be fulfilled by legal entities registered in the Commercial Register, in particular, the trading companies and cooperatives until 1.1.2019. Other legal entities registered in other public registers (including trustees registered in trust funds) must then register their real owner by 1.1.2021. This fact does not apply to registered branches, since they are not legal entities.
We will help you to comply with your duties and with the registration of real owners of your company
The legal entity or trust fund trustee is fully responsible for the status of the listing. The Registration Court examines the proposal only from the formal point of view and does not examine the data nor calls for the correction of data in case it is inconsistent with the actual situation.
The record of the real owners is completely non-public and is currently only intended for law enforcement agencies, e.g. the Financial Analytical Office, etc.
The real owner is by definition
(a) In the case of a commercial corporation, a natural person,
1. Who, alone or jointly with the persons acting in concert, has more than 25% of the voting rights of that commercial corporation or has a share in the registered capital of more than 25%,
2. Who, alone or jointly with the persons acting in concert, controls the person referred to in point 1,
3. Who is to be the recipient of at least 25% of the profits of that commercial corporation, or
4. Who is a member of a statutory body, a representative of a legal entity in that body or in a position of a similar status as a member of the statutory body, if the real owner does not exist, or cannot be determined, according to points 1 to 3,
(b) In the case of an association, public service company, association of unit owners, churches, religious societies or other legal entities under the law governing the status of churches and religious societies, a natural person,
1. Who has more than 25% of its voting rights,
2. Who is to be the recipient of at least 25% of the profits, or
3. Who is a member of a statutory body, a representative of a legal entity in that body or in a position of a similar status as a member of the statutory body, if the real owner does not exist, or can not be determined under paragraph 1 or 2,
(c) In case of foundation or the endowment fund, trusteeship or other legal arrangement without legal personality, a natural person or the real owner of a legal person who is in the position of
1. Founder,
2. Trustee,
3. Beneficiary,
4. The person in whose interest the foundation, the institute, the endowment fund, the trusteeship or other organization without legal personality, if not designated the beneficiary, and the persons authorized to supervise the administration of the foundation, the institute, the endowment fund, the trusteeship or other legal arrangement without legal personality.
We will provide you the person to hold the position of the real owner
If, for any reason, you do not have or do not want to disclose the real owner of your legal entity, we offer you the service of our professional nominee owners for an annual fee under the Trust Agreement.
We will execute the professional and fast registration of the real owner of the legal entity for you!
