Most companies must file the details on their actual beneficial owners and keep the details up to date. In most cases, the beneficial owners of a company are its owners.
You can file your notification with the Finnish Trade Register maintained by the Finnish Patent and Registration Office (PRH). For example, limited liability companies (excluding listed companies) and co-operatives must file a notification. Private traders do not file a notification.
You must file a notification without delay in the following situations:
- The company has not filed its beneficial owner details with the Finnish Trade Register between 1 July 2019 and 1 July 2020.
- The beneficial owner details have changed.
- A new company has been registered.
- You are no longer a beneficial owner of the company.
The notification of beneficial owners is free of charge.
The company must file a notification even if the company is of the opinion that it has no beneficial owners defined in the Finnish Act on Money Laundering.
You can see in the Trade Register extract and by searching in Virre Information Service whether a notification of beneficial owners has already been registered for the company.
Please note that it may become difficult for the company to carry out its operations if it does not file the beneficial owners’ details and keep the details up to date in the Finnish Trade Register.