Following publication of the Companies Act (Register of Beneficial Owners) Regulations, 2017 (the “Regulations”) on the 20th December, 2017, Maltese companies will now be required to identify and maintain a register of their ultimate beneficial owners as well as to provide information on their beneficial owners to the Malta Registry of Companies which will be keeping its own beneficial owners register.

The Regulations largely come into force as of 1st January, 2018 although existing companies have been allowed a six month period within which to comply with certain new obligations. The regime applies to all commercial partnerships, including limited liability companies, with the exception of companies listed on a regulated market and companies the direct shareholders of which are all natural persons.

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