The Ministry of Finance has adopted the Rulebook on the Method of Entry, Updating, Verification, and Access to Data from the Register of Beneficial Owners.
This Rulebook prescribes the procedures for entering, updating, and verifying data in the Register of Beneficial Owners (hereinafter referred to as the Register), the detailed content of scanned documentation required to substantiate the entered data, and the specific methods of accessing data from the Register.
It defines the process of creating a user account, designating a person authorized to enter data into the Register (a company appoints an employee, representative, or proxy residing in Montenegro and grants them authorization for data entry, updating, verification, or confirmation); the methods for entering and updating data in the Register; and the required scanned documentation.
The accuracy of data in the Register is verified by the person authorized to enter data through an online application, checking whether the data in the Register matches the data in the CRPS (Central Registry of Business Entities), the taxpayer registry, CRS, and the information provided by the beneficial owner. If discrepancies are identified, the data is updated immediately.
This Rulebook was published in the “Official Gazette of Montenegro” No. 68/2024 on July 19, 2024, and enters into force on the eighth day following its publication.
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