Arzinger: useful information regarding the new rules for disclosing information on ultimate beneficial owners (UBO) that came into force in Ukraine on July. 11
July 13, 2021

Arzinger: useful information regarding the new rules for disclosing information on ultimate beneficial owners (UBO) that came into force in Ukraine on July. 11

On 11 July, the new rules for disclosing information on ultimate beneficial owners (UBO) come into force.This means that almost every legal entity must submit the ownership structure and other documents regarding its UBO either by 10 October 2021 or in the course of the registration action before that date. The Ministry of Finance of Ukraine has separately clarified some cases of the UBO definition, so it is now essential to carefully analyze the ownership structure, considering the updated approaches, especially given the increased level of liability.

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Arzinger provides useful information in their new factsheet about registering beneficial owners, press the link below to gain access:

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