A beneficial owner of a legal person is a
natural person who:
a legal entity, or
manages it directly or indirectly with 25% and more share or more than 25% of
ownership or voting rights, or
it by other means.
From 1 January 2019 all legal entities will be obligated to:
- Receive, update and keep accurate information about their actual beneficiaries. The exact information is considered:
owner’s name, surname;
country issuing the identity document;
property rights and their scope (number of shares, percentage of voting
rights of control (Chairman of the Board, member of the Board, Head, senior
manager, other duties, percentage of transferred voting rights).
2. Provide information on the beneficial owners to the Register of Legal Entities of the Republic of Lithuania.
Upon changes of the abovementioned data, the information must be provided to the Centre of Registers of the Republic of Lithuania within 10 days after the changes.
If you may need a Leinonen team assistance when
providing the data, please do not hesitate to contact us: