Every Irish company must file the details of its beneficial owners with the Central Register of Beneficial Ownership (RBO). The obligation comes from the European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2019, S.I. 110/2019. It is separate from your CRO filings and it is not satisfied by anything you file at incorporation.
A beneficial owner is a natural person who ultimately owns or controls more than 25 per cent of the shares or voting rights in the company, or who otherwise exercises control. Ownership held through another company or a trust still has to be traced back to the individuals behind it. Where no natural person can be identified, the senior managing officials are entered instead.
Failure to file is an offence for both the company and its officers. On summary conviction the penalty is a Class A fine. On conviction on indictment it rises to a fine of up to EUR 500,000, imprisonment for up to 12 months, or both. In practice the more immediate problem is commercial: banks, payment institutions and professional advisers are designated persons under anti-money laundering law and check the RBO as part of customer due diligence. An unfiled or out-of-date RBO record will stall a bank account application.
Each beneficial owner must be filed against a PPS number. A beneficial owner who does not hold one cannot simply be entered. They must first be verified through Form BEN2, which is a declaration of identity witnessed by a notary public in their own country, after which the RBO issues a transaction number that we use to complete the filing. If this applies to you, order the Identified Person Number service alongside this one and we will sequence the two correctly.
General public access was withdrawn in 2023 following a Court of Justice of the European Union ruling. Access is now limited to competent authorities such as Revenue, An Garda Siochana and the Central Bank, to designated persons carrying out customer due diligence, and to applicants who can demonstrate a legitimate interest.
Price shown is per filing, exclusive of VAT. Where a company has more than one beneficial owner requiring separate verification, we will confirm the position before proceeding.
€150 excl. VAT
Visa, Mastercard, Crypto, American Express, PayPal, Apple Pay. Clear invoices and instant receipts for every order.
Chern & Co Ltd is a licensed Trust and Company Service Provider (TCSP) in Ireland, authorised and supervised by the Department of Justice.
Our official registration reference is TCSP APP/1211/2018, and we are listed in the public TCSP register maintained by the Irish Anti-Money Laundering Compliance Unit.
Compliance • AML • TCSP
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Photography
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LTD Companies and Partnerships For Overseas Residents
Chern & Co team offers Registered Office Address, Business Address, Company Secretary, Nominee Director, Nominee Shareholder and other professional services to international customers who need to set up a branch or present in the European Union.
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