REGISTER OF BENEFICIAL OWNERSHIP (RBO) IN THE REPUBLIC OF IRELAND GOES LIVE

The new website for the Registry of Beneficial Ownership has now launched.

The RBO is the central repository of statutory information required to be held by relevant entities in respect of the natural persons who are their beneficial owners/controllers, including details of the beneficial interests held by them.

Relevant entities are:

 - companies formed and registered under the Companies Act 2014 or an existing company within the meaning of that Act, and
 - industrial and provident societies registered under the Industrial and Provident Societies Acts 1893 to 2018. 

Filing of beneficial ownership data with the RBO must be done through an on-line portal which will open on the website on 22 June 2019. There are no paper forms or filing fees involved and the RBO office is not open to the public. 

Relevant entities will have five months, until 22 November 2019, to file details of their beneficial owners in the RBO without being in breach of their statutory duty to file. 

The RBO website is designed to give companies and societies as much information as possible to assist you in meeting your beneficial ownership filing requirements. A comprehensive Frequently Asked Questions (FAQs) has been developed to provide guidance on beneficial ownership filing requirements. The information provided in the FAQs does not constitute legal advice and, if in doubt, companies/societies should obtain their own legal advice.