ID and proof of address
Identify the beneficial owners
Complete client acceptance process
Submit PPSN or complete BEN2, if applicable
File the information with the RBO
Remember to keep the information up-to-date
About the Register of Beneficial Ownership
What is it?
The Register of Beneficial Ownership (RBO) is a publicly accessible register that contains information on the beneficial ownership of Irish companies
Who is it?
The beneficial owners are defined as individuals who ultimately own or control more than 25% of the shares or voting rights in the company.
What happens if I don't do it?
It is important for companies to comply with the RBO regulations, failure to do so could result in delays, fines and penalties. For example, unable to open a bank account or file your Annual Returns.
Some of our happy clients
Alternatively, if the beneficial owner does not have a PPSN, they can file a Form BEN2 - Declaration as to Verification of Identity - as a method to verify the person. We can help you complete the Form BEN2 at no additional service charge, however, note that there may be additional admin costs associated with this process as you will need to get the form signed and stamped by a witness (eg the Notary Public).
For more information on the Form BEN2 process, please reach out to our team today.
Your RBO number should be kept in a safe location.
If you do not have a PPSN, you need to submit a Form BEN2 and in general, it takes 24-48 hours for your RBO Number to be issued by the RBO. Once you have your RBO Number, you can complete the RBO filing, as above.