Disclosure of final beneficiaries

13. 01. 10

May 21, 2015 the Verkhovna Rada of Ukraine prolonged period of disclosure of the final beneficial owners... 

All legal entities are required to disclose the ultimate beneficial owner (controller, beneficiary).

Who is the ultimate beneficial owner (Controller)?

Disclose information required about an individual who:
· Directly or indirectly, owns 25 or more percent of the authorized share capital or voting rights in a legal entity;
· Possesses or uses a large share of the assets;
· Has a decisive impact on the election results and formation of leadership;
· Has decisive influence the right to commit deeds that determine the conditions of economic activity.