Beneficial owner – Important notes for enterprises from July 1, 2025

According to the revised Law on Enterprises 2025, effective from July 1, 2025, most enterprises, including limited liability companies, joint-stock companies, partnerships, etc., will be required to identify, declare, and notify information about their beneficial owners to the business registration authority.

The presentation slide provides a clear and accessible overview of:

1. Types of businesses required to implement beneficial ownership obligations;
2. Criteria for determining a business’s beneficial owner;
3. Obligations to declare and notify information to identify the beneficial ownership;
4. Entities responsible for fulfilling beneficial ownership-related obligations;
5. Details of the declaration, notification, and storage of beneficial ownership information and related identifying information;
6. Timeline for declaring, notifying, and storing beneficial ownership information and related identifying information.