Bulgaria: Amendments to beneficial owners registry law
The National Assembly adopted amendments to the beneficial owners registry law.
The National Assembly adopted amendments to the beneficial owners registry law.
The National Assembly adopted amendments to the beneficial owners registry law that are generally effective 14 July 2023.
The amendments include:
- Mechanism for resolving non-compliance between the data collected on beneficial owners and the data entered into the respective register
- Registration in a new public register of persons providing corporate secretarial services
- Additional requirements for persons who provide legal advisory services, corporate secretarial services, and intermediary services regarding real estate transactions, as well as procurators, managers, members of a management or a control body, or limited partners in entities, carrying out those services
- Additional measures for identification of clients
- Mandatory documents to be attached to declarations submitted to the respective register
Read an August 2023 report prepared by the KPMG member firm in Bulgaria
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