On July 11, 2021, the Regulation on the form and content of the ownership structure, approved by the Order of the Ministry of Finance of Ukraine No. 163 of March 19, 2021, comes into force.

By paragraph 4 of Section X "Final and Transitional Provisions" of the Law of Ukraine "On Preventing and Countering the Legalization (Laundering) of Criminally Obtained Incomes, Terrorist Financing and the Financing of the Proliferation of Weapons of Mass Destruction", legal entities registered as of July 11, 2021, are required to submit to the state registrar information on the ultimate beneficial owner and ownership structure by October 11, 2021.

In addition, legal entities are obliged annually, by January 14 of each year, to confirm to the state registrar such information about the ultimate beneficial owner.

Responsibility for failure to submit or untimely submission of the above information - a fine on the head of a legal entity from UAH 17,000.00 to UAH 51,000.00 thousand.

To confirm the information about the ultimate beneficial owner, the following documents are submitted:

1. application on the confirmation of information about the ultimate beneficial owner;
2. ownership structure in form and content;
3. extract or another document from the trade, banking, judicial register, confirming the registration of a legal entity - non-resident in the country of its location - if the founder of the legal entity is a legal entity - non-resident;
4. a notarized copy of the document certifying the person who is the ultimate beneficial owner of the legal entity - for a non-resident individual and, if such a document is issued without the use of the Unified State Demographic Register - for a resident individual.

Information that is indicated in the application for the ultimate beneficial owner:

• full name;
• date of birth;
• country of citizenship;
• series and number of a passport of a citizen of Ukraine or a passport document of a foreigner;
• place of residence;
• registration number of the taxpayer's registration card;
• full name and identification code (for a resident) of the founder of the legal entity in which this person is the ultimate beneficial owner;
• nature and extent (level, degree, share) of beneficial ownership (benefits, interests, influence).

If the legal entity does not have the ultimate beneficial owner of the legal entity, including the ultimate beneficial owner of its founder (if the founder is a legal entity), a justified reason for its absence shall be included in the application.

Additionally, if there are foreign legal entities or individuals in the ownership structure of a legal entity, official documents (copies thereof, including notarized copies) are submitted, confirming that these persons belong to corporate rights in the legal entity, in particular, a contract of sale or donation of corporate rights (shares in the authorized capital); decision of the General Meeting of Participants (decision of the Sole Participant) of a legal entity on determining the size of the authorized capital and the size of the shares of participants; act of acceptance and transfer of a share (part of a share) in the authorized capital of a legal entity; statement from the securities account of the depositor; extract from the securities account of the nominee holder; Marriage Certificate; extract or other document from an official source, including trade, banking, judicial register; other documents confirming the exercise of decisive influence (control) on the activities of a legal entity.

The ownership structure is signed by the head of the legal entity.