Slovakia (SK)

Jurisdiction Overview

IDQuestionAnswer
471 *BO Record: Does the registration of domestic companies comprise beneficial owner's identity information? Yes, more than 25%. All companies require recording of all beneficial owners at threshold of more than 25% (FATF).
 Data Date: 2019

Notes

 
Slovakia has transposed the 4th AML Directive (EU Directive 2015/849) and this requires all legal entities in Slovakia to disclose beneficial owners. For legal entities registered before November 2018, companies have until 31 December 2019 to register beneficial owners (mondaq.com). The registration of new entities requires the recording of beneficial owners (Beneficial owner is defined as a "natural person who: holds (directly or indirectly) at least 25% of the voting rights or a 25% share in the registered capital of the legal entity; has the right to appoint or recall a statutory body, executive body, supervisory body or other controlling body of the legal entity or any of its members; controls in practice a legal entity other than as described above; has at least a 25% share of the benefits from the legal entity's business (dividends and similar payments). If there are no persons who meet the above criteria, members of senior management of the company are considered to be UBOs [Ultimate Beneficial Owners] (i.e. executive directors, proxies and managing employees directly reporting to the executive directors)" (mondaq.com; [TJN's-Notes]). The only legal entities that do not have to register beneficial owners are "companies that have issued securities admitted for trading on a regulated market that is subject to disclosure requirements consistent with EU law or subject to equivalent international law requirements; or companies registered with Slovak Register of Public Sector Partners" (mondaq.com). Therefore, we consider that all companies and partnerships with limited liability must register beneficial ownership information.

Sources

http://www.mondaq.com/x/795720/Contract+Law/Disclosure+Of+Ultimate+Beneficial+Owners+In+Slovakia