How do I know who a Beneficial Owner is?
A beneficial owner (BO) is any living person who has substantial and significant interest or control over a company. This can be a direct interest, through for example owning a significant proportion of shares in the company, or indirect, such as having influence over significant decisions related to the running of business of a company. This means that any company may have no BOs, or it may have many depending on how control over the company is managed. If in doubt over a specific case, ask our legal officers for advice.
Does this requirement to register beneficial owners apply to all companies?
What are the thresholds for reporting Beneficial Owners?
Who decides what companies are defined as high risk?
What is a Politically Exposed Person?
When do I have to submit information on my company’s beneficial owners?
What type of personal identification will be acceptable to identify the Beneficial Owner?
The form of identification must be valid, issued by a national Government agency, and be unique to that person. These would include:
- TIN
- Passport
- National identity card
- Social security number or equivalent
- Driving licence
Who is responsible for providing the beneficial ownership information to ORC?
What information about Beneficial Owners will RGD make available to others?
Can I apply to withhold information from the Central Register?
What information would RGD need as evidence for withholding information?
What happens if I don’t provide the information?
What are the different levels of portal users?
There are 2 levels.
With the first level, the user doesn’t have to create an account but can do a name search online, but there’s a disclaimer on the site, as it’s not a comprehensive search of all ORC database
The second level is for registered users for our online services.
How long is the e-certificate and other incorporation available for me in my online account after registration ?
What is ISIC Code?
What is a company limited by Guarantee and who can register?
What is an electronic Company Registration?