The statement regarding the ultimate beneficial owners is mandatory again as Law 101/2021 enters into force

The statement regarding the ultimate beneficial owners is mandatory again as Law 101/2021 enters into force

The companies must submit the statement to the Trade Registrar as following:
• Each year, within 15 days after the financial statements are submitted
• Each time the UBO list is changed, within 15 days after such change occurs.
• When a company is registered.

The companies having only private shareholders are NO longer exempted.

The statement may be submitted as follows:
• At the Trade Registrar office, by the legal representative or a delegate (a lawyer)
• By postal services
• On ONRC portal using the digital signature of the legal representative or of the lawyer.

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