Quality and Compliance in registering Beneficial Owners in Business Register
1. Quality and Compliance
in registering
Beneficial Owners in Business Register
Ingmar Vali
ingmar.vali@rik.ee
Centre of Registers and Information System
https://www.rik.ee/
2. Beneficial Owners facts
Ministry in charge : Ministry of Finance
Place to register BO: Business Register (Ministry of Justice)
IT-development cost -2 months (ca 20 000 EUR)
Mandatory since: 1.09.2018
Deadline to submit 31.10.2018
Self service, no intervention by registrar
Renewal every year with annual report
Information is public
Fee to view BO Information – 1 EUR per entity.
§ 78. Publication of data
(1) The data of the beneficial owner are made public in the commercial register information system.
(2) The fees for issuing the data of a beneficial owner are established by a regulation of the minister responsible for the field.
(3) The data of the beneficial owner is issued free of charge to the obliged entity, a government agency, the Financial Supervision Authority and to a court.
https://www.riigiteataja.ee/en/eli/525032019005/consolide
4. 9
18
472
1064
1612
1933
6038
35297
183460
European Economic Interest Grouping (EEIG)
European Company (SE)
General partnership
Commercial co-operative
Limited partnership
Foundation
Public limited company
Non-profit association
Private limited company
0 40000 80000 120000 160000 200000
Number of physical persons registered
Number of persons
7. Month Payable Free Total
Aug 1 14 2033
Sept 487 397 2902
Oct 1796 1872 5686
Nov 1735 2612 6365
Dec 1087 6053 9158
Jan 1553 3604 7176
Feb 1310 3773 7102
Mar 1530 4274 7823
0
1000
2000
3000
4000
5000
6000
7000
8000
Aug Sept Oct Nov Dec Jan Feb Mar
Beneficial Owner information search statistics