The Ministry of Justice of the Slovak Republic explains the procedure for the annual verification of the identity of the ultimate beneficial owner pursuant to Section 11(2)(c) of the Act on the Public Register of Beneficial Owners. Find out when a simple notification is sufficient and when a change procedure with a verification document is required.
Pursuant to Section 11(2)(c) of the RPVS Act: “An authorized person is required to identify the beneficial owner upon initial registration and subsequently verify the beneficial owner’s identity as of December 31 of each calendar year.”
How can this new verification document be submitted?
OPINION OF THE MINISTRY OF JUSTICE OF THE SLOVAK REPUBLIC:
In the event of verification of the identification of the beneficial owner, which results in the finding that the beneficial owner has not changed, the authorized person sends the court only a simple “notification of verification of the identification of the beneficial owner.” However, if, during the verification process, the authorized person determines that a change in the beneficial owner has occurred, they will initiate a change procedure, in which the verification document must be attached.
