The Slovenia Times

App launched to create register of beneficial owners


Public will get access to data on beneficial owners, except for their birth dates, tax numbers and citizenship, while all data will be accessible to supervisors and law enforcement authorities.

The register is being established based on the law on the prevention of money laundering and terrorism financing which took effect in mid-November 2016.

The register of beneficial owners, that is physical persons who are the final owners of the company, is being set up and will be managed by AJPES.

Liable for entering data into the registry are legal entities registered in Slovenia's Business Register and foreign funds, foreign institutions or similar subjects of foreign law which incur tax obligations in Slovenia through their operations.

Data will also have to be entered by Slovenian Sovereign Holding and the Bank Assets Management Company.

Not liable are limited-liability one-person companies whose only owner is also the only representative of the company, direct or indirect budgetary users and publicly listed companies bound by disclosure regulations.

According to the Finance Ministry, the register will contribute to the transparency of ownership structures in businesses and in the prevention of abuse of businesses for money laundering and financing of terrorism.

It will later also enable data sharing with such registers in other European countries.


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