Covid aid law gives Polish entrepreneurs extra time to register their beneficial owners
Under regulations implementing in Poland so called fourth anti-money directive (AMLD 4), each Polish company entered into the National Court Register before 13 October 2019 in the form of spółka jawna, spółka komandytowa, spółka komandytowo-akcyjna, spółka z ograniczą odpowiedzialnością and spółka akcyjna (including those owned by the state or local governments) was under duty to register its beneficial owners (natural persons having decisive direct or indirect influence on the given company e.g. due to amount of shares or voting rights exceeding 25% or otherwise) until 13 April 2020
Entrepreneurs tend to easily forget about their regulatory duties. Here is a brief summary of latest developments in Polish law relating to registration of beneficial owners.