Who?
The Finnish Act on Money Laundering defines a beneficial owner as a person who either owns a company or otherwise exercises control over the company. Those who meet any of the following requirements are considered beneficial owners:
- The person who owns more than 25 percent of the company shares directly or indirectly through another company.
- The person who holds more than 25 percent of the voting rights in the company directly or indirectly through another company.
- The person who exercises actual control over the company or organisation on other grounds. Other grounds may refer to a partnership agreement, for example.
Source: PRH
What?
- name
- Finnish personal identity code, or date of birth
- citizenship
- municipality of residence, or home country and home address for a person living abroad
- grounds for and extent of the control or the share of ownership
Source: PRH
Please note that the company must file a notification of beneficial owners even if the company has no beneficial owners meeting these requirements or the company does not know them.
In these cases, the PRH will, in accordance with the Act on Money Laundering, record in the Trade Register that the board, the general partners, the managing director, or any other person in a corresponding position are actual beneficial owners.
Source: PRH