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November 2014- Ukraine introduces new disclosure and transparency requirements for beneficiaries of local companies and owners of real estate
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CreatedFriday, 07 November 2014
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Created byAdministrator
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Last modifiedFriday, 07 November 2014
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Revised byAdministrator
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Favourites1031 November 2014- Ukraine introduces new disclosure and transparency requirements for beneficiaries of local companies and owners of real estate /icc_2527/index.php/home/news/98-legal-developments/1031-november-2014-ukraine-introduces-new-disclosure-and-transparency-requirements-for-beneficiaries-of-local-companies-and-owners-of-real-estate
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On November 25, 2014, the recently adopted Law “On Introduction of Changes to Certain Legal Acts of Ukraine Related to Determination of Ultimate Beneficiaries of Legal Entities and Public Figures” (the “Beneficiaries Law”) will come into force.
These amendments result in two substantial novelties:
1) Ukrainian companies (including newly established and already existing) will have to disclose their beneficiaries; and 2) information about rights to immovable property will become public. Further information can be found in the article here. (From FraudNet member for ||Ukraine||, ||Serhii Sviriba|| of ||Egorov, Puginsky, Afanasiev & Partners (EPA&P Ukraine), Kiev||).