Legal Alert For Approaching Deadline Of UBO Registration

Bulgarian anti-money laundering law requires that companies and other entities having their seat in Bulgaria register their ultimate beneficial owner(s). The registration is mandatory, and the deadline for registration is approaching. These obligations arise from the Bulgarian Anti-Money-Laundering Measures Act (2018) transposing Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 (4^th AML Directive) into national law.

Who does this concern?

• Entities registered in Bulgaria, e.g. limited liability companies, joint stock companies, branches of foreign legal entities, foundations, associations, consortia in the form of civil companies.

Where to register?