Starting from this date, a period of twelve (12) months is granted to all existing entities to submit their beneficial owners’ information into the system. During the intermediate solution period no penalties will be imposed for late submissions.

The electronic service for the registration of beneficial owner particulars for companies and other legal entities is available under the section “e-filing services” of the Companies section in the RoC website.

Entities registered on or after 16 March 2021, are required to submit all of the required information in respect of each of their beneficial owners to the UBO register no later than thirty (30) days from the date of their registration.

The responsibility for the true and accurate submission of the beneficial owner(s) information lies with the company or other legal entity itself and with its officers.

In case of a change in the information of a beneficial owner, the company or other legal entity and its officers must submit to the UBO register the information regarding the new beneficial owner within fourteen (14) days.

During the period from 1 to 31 December of each calendar year, every company or other legal entity must confirm electronically to the RoC the information in relation to its beneficial owners.

In exceptional circumstances, beneficial owners have the right to apply to restrict public access to their information.