The data of the beneficial owner is kept in the Commercial Register by the management board of the private legal person and the information is made public in the Commercial Register information system.

The data of the beneficial owner can be submitted in the Company Registration Portal via signing in with ID card, mobile ID, or through the notary. The necessary information should be submitted to the Commercial Register by October 31, 2018. The penalty for not submitting the data can be up to 32 000 EUR.

For more details, please read the full article on our Estonian website: https://leinonen.ee/news/news-2018/requirement-for-submitting-the-information-of-company-s-beneficial-owner-to-the-commercial-register