Extension to the deadline for registration with the Central Registry of Beneficial Owners

On 30.10.2019 an amendment of the Ministerial Decision relating to the registration of legal entities with the Central Registry of Beneficial Owners was signed. According to this amendment, the deadlines that the legal entities need to observe for the registration of their beneficial owners with the relevant electronic system are extended as follows:
– Group A until 25.11.2019
– Group B until 28.11.2019
– Group C until 12.12.2019
According to the relevant press release, the Ministry of Finance sets as priority the proper registration of the liable legal entities with the Central Registry, in order to achieve transparency of corporate structures and to avoid any abuse for money laundering purposes and terrorist financing.