A Decree has been recently issued by MEF, jointly with MED, which provides for the communication of data and information on the beneficial ownership of companies with legal personality, private legal persons, trusts and similar institutions.
Notification of beneficial ownership must be made to the territorially competent register of companies by:
a) directors of companies having legal personality;
b) founder, if alive, or persons entrusted with the representation and administration of private legal persons;
c) trustee of trusts or similar institutions.
In addition, the above mentioned persons are required to notify:
a) any changes in the beneficial ownership within 30 days therefrom; and
b) confirmation of the above data and information within 12 months from the first or latest notification and then annually.
Finally, please note that the obligation to file the afore-side communications must be satisfied within 60 days of the entry into force of the Decree on 9 June 2022.
MEF and MED’s Decree of 11 March 2022 no. 55, (published in the Official Gazette on 25 May 2022 no. 121)