The deadline for submitting applications to the register has been extended by the Ministry of Finance to July 14 this year. Entrepreneurs who fail to apply may pay a penalty of up to PLN 1 million.
Accordingly, the July 13, 2020 deadline for a company registered with the National Court Register before October 13, 2019, to send a notification to the CRBR shall not count towards the running of the time limits referred to in section 60(1) of the Act (and consequently towards the deadline under section 195 of the Act, i.e. the July 13, 2020 deadline for a company registered with the National Court Register before October 13, 2019).
Who has the obligation to report to the CRBR?
Individuals who hold indirect or direct power in a company are obliged to register with the Central Register of Beneficial Owners.
The register collects data on beneficial owners of companies:
- limited partnerships
- limited joint-stock partnerships
- limited liability companies
- simple joint-stock companies (from March 1, 2021),
- joint-stock companies, except public companies within the meaning of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies of July 29, 2005 (Journal of Laws of 2019, item 623).
In addition, companies that are in bankruptcy or liquidation also have the obligation. Foreign companies operating on the territory of Poland in the form of a branch are not obliged to find themselves in the register.
How to apply to CRBR?
Application to CRBR can be made electronically only – on the register website. To confirm the application the trusted profile ePUAP or electronic signature is required. If the owner of the company is more than one person, then all the owners should be disclosed in the register.