The Malta Business Registry (MBR) issued a guidance document with respect to the Register of Beneficial Owners (RBO) to assist with the identification of the Beneficial Owner/s (BO) or Senior Management Officials (SMO).

 

Please be informed that any changes in the BO or SMO of a company must be notified to the MBR within 14 days.  It is therefore of paramount importance that you keep us informed of any changes in the structure which affects the BO or SMO of the Maltese company.  Heavy fines and penalties are imposed by the MBR for failure to notify the MBR within the stipulated time period.