Confirmation of Beneficial Owners’ Information in the Registrar System for the year 2025
The Department of Registrar of Companies and Intellectual Property (DRCIP) informs that all companies incorporated or registered under the Companies Law, Cap. 113, all European Public Limited-Liability Companies (SE), and all Cooperatives (hereinafter referred to as Organizations), are required to log into the Beneficial Owners Register (BOR) system from 1 October 2025 until 31 December 2025 and proceed with the confirmation of the details of the beneficial owners (BOs) or the senior managing officials or the due diligence (as applicable in each case).
Please note that if by 31 December 2025 the confirmation of details in the BOR is not completed as above, irrespective of any criminal liability or prosecution of any person, the company or other legal entity will be subject to a financial penalty of one hundred euros (€100) on the first day, and a further fifty euros (€50) for each additional day the violation continues, up to a maximum total penalty of five thousand euros (€5,000).
