- Czech law in Dutch (and English)
Registration in the Czech UBO-registerFor some years now all Czech entities are required to register the persons who have an interest of more than 25% in the company. This UBO-register is called the ESM register in the Czech Republic (Evidence Skutecnych Majitelu).
What is a UBO?An Ultimate Beneficial Owner (UBO) is defined as the natural person who is the ultimate owner or has a decisive vote in the respective legal entity or enterprise. If no UBO can be identified, a senior managing official, being the natural persons of the management board of the company must be registered as UBO (the so-called pseudo-UBO).
The following persons will be considered as UBO:
Which companies are required to register a UBO?The companies that are required to register for example are:
What information should be provided to the Czech authorities?
How can I register a UBO?Normally, a member of the board (jednatel) can file an application online, using the applicable form. This form is in Czech only, we can of course help you with it (please contact us, see below).
When should the registration be arranged?Czech companies should arrange the registration by the end of May 2021.
Help with the UBO-registrationIf you have any questions about this procedure, please do not hesitate to contact us, Hartmanova.eu! We, the Hartmanova.eu team, will be happy to help you!
Hartmanova.eu - Czech legal advice (in Dutch and English)