Jurisdictional Updates 6-17-2022

Jurisdictional Updates 6-17-2022

Italy – Italy UBO Requirement

According to Law Decree 55/2022 from the Ministry of Financials as of 8 August 2022, Italian entities will need to file their Ultimate Beneficial Ownership (UBO) information with the Business Register.

  • Current Italian entities have 60 days to register their UBO information.
  • Italian entities registered after 8 August 2022 will have 30 days to register after formation.
  • Any UBO changes must be reported within 30 days of the change.
  • Annual UBO Declarations will also be required and can be filed with the financial statements.

For more details and assistance please contact your Global Subsidiary Coordinator or GlobalSubsidiaryManagement@cscglobal.com