Within a month, Latvian enterprises 100% owned by foreign companies are required to submit information about their beneficiaries (beneficiaries) to the Register of Enterprises (RS). This is reported by the smartlatvia.lv portal .
This requirement is related to amendments to the law on combating the legalization of proceeds from crime and the financing of terrorism. According to legislative norms, the state must be informed about the true beneficiaries of companies registered in Latvia.
According to the publication, we can talk about about 900 companies that have transferred tens of millions of euros in taxes to the Latvian treasury. However, at the end of 2017 there were more than 5 thousand of them.
According to the chief state notary of the Republic of Poland, Guna Paidere, in case of non-compliance with these requirements, simplified liquidation will be applied to companies in the second half of August.