Parliament prolongs the deadline for disclosure of ultimate beneficial owners

PwC, Kyiv, Ukraine
Fri, May 22, 2015

On 21 May 2015 Parliament adoptedthe Draft Law on amendments to several legislative acts of Ukraine regardinginformation on ultimate beneficial owners of legal entities (hereinafter –“Draft Law”).

Among the key points addressed by the Draft Law are the following:
  • The deadline for disclosure of ultimate beneficiaries for legalentities is prolonged till 25 September 2015;
  • Disclosure of ultimate beneficial owners will not be requiredwhen a company’s participants are physical individuals only (who are at thesame time its ultimate beneficial owners).

It is expected that the Draft Law will be signed by the President and publishedin the nearest time.

We will continue to monitor the situation and keep you updated on the issue.

*Draft Law“On amendments to several legislative acts of Ukraine regarding information onultimate beneficiaries of legal entities” No. 2896

Contacts:

Slava Vlasov, Partner, Tax and Legal Services, slava.vlasov@ua.pwc.com
Andrey Pronchenko, Legal Director, Tax andLegal Services, andrey.pronchenko@ua.pwc.com
Olga Melnychenko,Legal Manager, Tax and Legal Services, olga.melnychenko@ua.pwc.com

75 Zhylyanska Street| Kyiv | Tel:  +380 44 354 0404 | Fax: +380 44 354 0790 | pwc.ukraine@ua.pwc.com  |  www.pwc.com/ua 

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