From January 1, 2021, the Business Registers Agency (“BRA“) starts to provide new services and keep a new register.
Issuance of excerpts and certificates from the Central Records of Ultimate Beneficial Owners
In accordance with Article 8 of the Law on Central Records of Ultimate Beneficial Owners, the BRA started to issue:
- Excerpts with data on ultimate beneficial owners of registered entities
- Certificates from Central Records with historical data on ultimate beneficial owners of registered entities (certificate for registered entity),
- Certificate that a natural person is/was registered as ultimate beneficial owner of a registered entity (certificate for natural person).
Request for excerpt or certificate can be submitted electronically, through the system for centralised applications of BRA users or in writing on special form available on BRA website.
Alike the excerpts from the Company Register, the excerpt with data on ultimate beneficial owners is obtained immediately if the application was submitted directly in BRA premises or its organisational units.
Transfer to entirely digital operation of the Financial Leasing Register
In addition to application for registering financial leasing agreements, all other types of registration applications can now be submitted electronically to the Financial Leasing Register.
Alike other electronic services provided by BRA, electronic registration in the Financial Leasing Register is done in the system for centralised application of BRA users. As announced by the APR, a service for takeover of data and documents has been created, including a service for the Ministry of Interior, which will enable electronic submission of authorisations for registration of vehicles purchased through financial leasing.
Register of Accounting Services Providers
In accordance with the Law on Accounting, the Register of Accounting Services Providers has been established as from January 1, 2021 as a single, central, electronic database on legal entities and entrepreneurs whose registered prevailing activity is provision of accounting services and who possess permit for provision of such services issued by the Chamber of Authorised Auditors.
Such register did not exist before, hence the providers of accounting services will have to meet special requirements in the future i.e. to possess permit for provision of accounting services issued by the Chamber of Authorised Auditors and to be entered into this register.
All entities that provide accounting services will be obliged to adjust their operation with the provisions of the law by January 1, 2023. Namely, they will have to obtain permit from the Chamber by the said date and to be entered into the Register of Accounting Services Providers.
This article is to be considered as exclusively informative, with no intention to provide legal advice.
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By Sara Necic, Senior Associate, PR Legal