Why Choose Us?
Information about the Presenter
The following information about the presenter who is making the register entry on behalf of the company must be filed with the RBO as well. If the presenter is not a natural person, a natural person’s name, address, phone number, and e-mail address are required for correspondence.
- Full name
- Residential address
- Phone number
- Email address
- The capacity in which the presenter is acting: (company/society officer/employee, individual acting on behalf of the company/society, etc.)
Service for Beneficial Ownership Filing
TAS Consulting is happy to help as your trusted corporate service provider; our Register of Beneficial Ownership Filing Service is only €70 +VAT. This service is simple to use; simply fill out our brief online order form and we will complete the Beneficial Ownership Filing for your Irish company.
Navigating the complexities of corporate compliance can often feel overwhelming, especially when it comes to the Register of Beneficial Ownership (RBO) requirements. This is where our RBO Filing Service steps in, designed to streamline the process and ensure your business stays compliant with Irish regulations effortlessly.
What is the Register of Beneficial Ownership (RBO)?
The Register of Beneficial Ownership (RBO) is a central register that collects and maintains information on the beneficial owners of corporate entities and industrial and provident societies in Ireland. A beneficial owner is generally defined as a person who owns or controls more than 25% of a company’s shares or voting rights, either directly or indirectly.
Key Facts About the RBO
Timely Filing and Compliance
Beneficial Ownership information must now be filed with the central register within five months of incorporation for all Irish companies. This timeframe is crucial to avoid the risk of penalties and to maintain compliance with mandatory regulations. Our dedicated Register of Beneficial Ownership (RBO) Filing Service is designed to assist you with this obligation, ensuring the process is both seamless and efficient. By utilizing our services, you can rest assured that your company’s filings are handled promptly and accurately, allowing you to focus on what really matters – growing your business. We offer expert guidance and support throughout the entire process, helping you navigate any complexities and ensuring your company stays on the right side of legislative requirements.
Beneficial Owner Information
All beneficial owners with more than a 25% stake in a private company, trust, industrial and provident society, or other applicable entity will be listed in the RBO. If no beneficial owners can be identified, the names of the company’s directors, senior managers, or anyone else with a significant influence in the company must be filed as “beneficial owners.” Each beneficial owner (who must be a natural person) is required to file the following information with the RBO:
Submitting accurate and detailed information is critical for compliance and for maintaining the integrity of the RBO. This requirement ensures transparency and accountability within corporate structures, helping guard against misuse and facilitating the enforcement of anti-money laundering regulations.
Required Beneficial Owner Reporting Details
The following information is required to ensure proper registration of each beneficial owner with the Register of Beneficial Ownership (RBO):
Ensuring that all of the above information is precise and up-to-date is crucial for maintaining compliance and enabling authorities to accurately assess control structures, thus supporting efforts to combat financial crime.
Information About the Presenter
In addition to the information about the beneficial owners, details regarding the presenter making the register entry on behalf of the company must be submitted to the Register of Beneficial Ownership (RBO). This ensures clear communication and accountability in the registration process. If the presenter is not a natural person, a designated natural person’s information must be provided for correspondence. The required information for the presenter includes:
Accurate presenter information is essential for maintaining seamless communication between the involved parties and the RBO, facilitating a streamlined registration process.
Service for Beneficial Ownership Filing
TAS Consulting is delighted to offer its expertise as your trusted corporate service provider. Our Register of Beneficial Ownership Filing Service is available at an affordable price of just €70 + VAT. This service is designed to be straightforward and hassle-free. To take advantage of it, simply complete our brief online order form, and our professional team will handle the Beneficial Ownership Filing for your Irish company efficiently. With TAS Consulting, you can ensure that your company remains compliant with regulations, allowing you to concentrate on driving your business forward without concern about administrative burdens. Let us take care of the details while you focus on achieving your core business objectives.
Who We Serve
At TAS Consulting, we cater to a diverse range of clients to ensure comprehensive support in beneficial ownership filing:
Our commitment to serving a wide array of clients ensures that each entity, regardless of size or sector, receives the dedicated attention needed to fulfill their beneficial ownership filing requirements.
Why is RBO Filing Important?
The RBO filing requirement stems from the EU’s Anti-Money Laundering (AML) Directives, which aim to increase corporate transparency and curb financial crimes like money laundering and tax evasion. Ensuring your company complies with these regulations is crucial for several reasons:
Detailed Points for RBO Filing
Entities Required to File
Information Required for Filing
Deadlines and Obligations
Penalties for Non-Compliance
Support for Filing Compliance
Certain entities, such as sole traders, partnerships, and listed companies that are already subject to disclosure under EU laws, are generally exempt from filing with the RBO. It is crucial for the aforementioned companies and societies to adhere to these requirements to ensure compliance and avoid potential penalties associated with non-filing.
How to File Your Beneficial Ownership Information
Filing your RBO information can be done online through the RBO portal. Here’s a step-by-step breakdown of the filing process:
Gather Required Information
Before filing, gather the necessary information for each beneficial owner, including:
- Full name
- Date of birth
- Nationality
- Residential address
- Percentage of shares or voting rights held
- Nature of ownership/control (direct or indirect)
Log In to the RBO Portal
You’ll need to create an account on the RBO’s online portal or log in if you already have an account.
Complete the Filing
Once logged in, input the details of each beneficial owner, ensuring the information is accurate and complete. Submit the filing, and you’ll receive a confirmation once the process is complete.
Keep Your RBO Information Updated
It’s important to regularly update your RBO filings if there are any changes in your company’s beneficial ownership structure. Companies are legally required to update the RBO within 30 days of any changes.
Benefits of Using an RBO Filing Service
While it’s possible to handle your RBO filing yourself, many businesses opt to use a professional RBO Filing Service to ensure compliance and avoid potential penalties. Here are some key benefits of using an RBO filing service:
Penalties for Non-Compliance with the RBO
Failure to comply with RBO filing requirements can lead to severe penalties, including:
Key Benefits
Comprehensive Filing Process
Here’s a step-by-step overview of our streamlined filing process:
Additional Benefits of Using Our Services
Apart from the core advantages of our RBO Filing Service, our clients enjoy further benefits including:
These benefits collectively ensure that your business is not only compliant but also optimally positioned for sustainable growth and success.
Advantages and Disadvantages
When considering our RBO Filing Service, it is essential to weigh both the benefits and potential drawbacks to make an informed decision for your business’s compliance needs.
Overall, our RBO Filing Service seeks to offer significant advantages that promote compliance and operational efficiency while recognizing considerations unique to each business’s context.
Who Needs Our RBO Filing Service?
Our RBO Filing Service is ideal for:
Who Does Not Need Our RBO Filing Service?
While the service is beneficial for many, it might not be necessary for:
Understanding these distinctions can help businesses determine their need for external compliance support and the potential benefits of engaging RBO filing services.
SWOT Analysis
PESTLE Analysis
Frequently Asked Questions
What is the RBO and why is it important?
The RBO, or Register of Beneficial Ownership, is a database that stores information on those who own or control companies in Ireland. It is vital for ensuring transparency and compliance with anti-money laundering regulations.
Who needs to file with the RBO?
Any company or industrial and provident society registered in Ireland is required to file beneficial ownership information with the RBO.
What happens if a company fails to file with the RBO?
Non-compliance with RBO filing requirements can lead to significant penalties, including fines and restrictions on company operations.
How often must RBO reports be updated?
Companies must update their RBO filings whenever there are changes in ownership structures, and review their entries at least once annually.
Can our company manage RBO filings internally?
While some companies manage filings internally, working with a specialized service provider ensures accuracy and compliance with evolving regulations.
How long does the RBO filing process take?
The timeline can vary depending on the complexity of the ownership structure, but our streamlined process aims to complete filings efficiently.
How is sensitive data protected during the filing process?
We employ robust cybersecurity measures to safeguard all client information, ensuring privacy and data integrity at every step.
Are there any exemptions from RBO filing requirements?
Certain entities, such as government bodies or publicly listed companies, may be exempt from filing due to existing transparency obligations.
What support do you offer if regulations change?
Our team stays up-to-date with regulatory changes, providing ongoing advice and support to ensure your compliance needs are continuously met.
How can we start using your RBO Filing Service?
Simply contact us to schedule an initial consultation, and our experts will guide you through the entire process, from initial data collection to final submission.
