Register of Beneficial Ownership (RBO)

All Irish Companies have a statutory obligation to file their Beneficial Ownership information with the central register within 5 months of incorporation. You would be required by the banks to present the RBO report once you apply for bank account setup for your company in Ireland. Therefore it is best to file this information with the The Central Register of Beneficial Ownership as soon as the company is setup and once you are ready to trade.

The Central Register of Beneficial Ownership (RBO) began accepting online filings from 22nd June 2019, followed by a five-month transition period for existing companies and other entities to complete their beneficial ownership filing. All Irish Companies incorporated before June 2019 should have filed their ownership details by 22nd November 2019. It is considered a breach of statutory duty not to file.

This new legal requirement is part of Ireland’s implementation of the 4th EU Anti-Money Laundering Directive (AML4D).

The RBO is the central repository of statutory information required to be held by relevant entities in respect of the natural persons who are their beneficial owners/controllers, including details of the beneficial interests held by them.

Any company/society who did not file on or before the 22nd November 2019 , are in breach of the Regulations and may be subject to sanctions as prescribed in the Regulations.

Please contact us if you need help filing the RBO or if you require to file this on your behalf.