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Amendments to Ukrainian Laws Concerning Disclosure of Beneficial Owners

Ukrainian law concerning the requirement to disclose beneficial owners of Ukrainian companies has been amended. The general requirement to disclose beneficial (controlling) owners of companies was introduced in Autumn 2014 with effect from 25 November .2014. In this regard, the law defined the beneficial (controlling) owners of a company as a person (persons) exercising (directly or indirectly) decisive influence on the management or business activity of the company, irrespective of possessing a formal right thereto, including through direct or indirect holding (personally or jointly with related legal entities / individuals) 25% of shareholding or voting rights in such company

For further information please contact

Taras
Dumych
Partner
Ukraine
Mykhailo
Razuvaiev
Associate
Ukraine

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