Irish Company Beneficial Owner
The Beneficial Owner of an Irish company is any individual who owns or controls more than 25% of a company’s shares or voting rights, directly or indirectly, or exercises controls over the management of the company in any other way.
Irish Central Register of Beneficial Ownership
The Companies Registration Office is the statutory body responsible for the Register of Beneficial Ownership.
Companies formed and registered in Ireland under the Companies Act 2014 are required to keep a Beneficial Ownership Register
Maintaining a Beneficial Ownership Register
Irish companies are to obtain and hold adequate, accurate and current information about their Beneficial Owner(s) in their own internal Beneficial Ownership Register.
The company has an obligation to report changes in beneficial ownership details to the Central Register when they occur.
Central Register of Beneficial Ownership
As required by EU anti-money laundering laws, the following Beneficial Owner information is available
- The month and year of birth
- Country of residence
- A statement of the nature and extent of the interest held, or the nature and extent of control exercised by, the Beneficial Owner.
Authorities such as An Garda Síochána, the Revenue Commissioners and the Criminal Assets Bureau shall have unrestricted access to RBO data including the residential address of the Beneficial Owner.
Filing of Beneficial Ownership
All newly incorporated companies are required to register their Beneficial Ownership details within five months of the incorporation date.
A Personal Public Service Number is required for each Beneficial Owner. A PPSN is a unique reference number issued to Irish residents and non-residents who have dealings with Irish government agencies.
The following information is required for each Beneficial Owner:
- Company Name
- Company Number
- Date of Birth
- PPS Number
- Country of Residence
- Statement of the nature & extent of interest held
- Statement of the nature & extent of control exercised
- Residential Address
- Eircode (optional)
- Date of entry as Beneficial Owner
- Date of cessation as Beneficial Owner
If you provide us with your PPSN and where applicable a scanned copy of your notarised Form BEN2 we will file the Beneficial Owner(s) to ensure your company fulfils its statutory filing obligations.
If you wish to discuss further, please contact us directly.