Companies In Slovakia must register their UBO to stay in line with legal changes

Companies operating in Slovakia must register their “Ultimate Beneficial Owner(s)” with the authorities. The deadline to register was 31 December 2019, but companies that have not yet registered must still comply with the legal requirements.

The necessity to do so is the result of Slovak legislation meant to keep the country’s laws in line with an EU Anti-Money Laundering Directive. The aim is to increase transparency and reduce opportunities for those involved in criminality or terrorism to funnel money through registered businesses.

You can learn more and find out how to register your business by opening the attached file.