Malta Business Registry

Following a decision this week by the Court of Justice of the European Union, the Malta Business Registry (MBR) announced on Friday that it is “limiting access to the register of beneficial owners to competent authorities and subject persons only.”

This effectively means that the identity of owners of Malta-based companies will no longer be available to the public.

Subject persons, who maintain the right to this information, will need to register with the MBR’s portal to gain access to the register of beneficial owners.

The EU Court’s decision on Tuesday essentially invalidated an EU anti-money laundering directive that guarantees the general public’s right to information on the beneficial owners of companies.

In the ruling, the Court acknowledged that civil society and the media have a legitimate interest in having access to such information, such as when reporting on money laundering.

The MBR’s announcement, however, made no mention of whether the media will be granted access.

Related

Ryanair

French ATC strike forces Ryanair to cancel over 300 flights, affecting 50,000 passengers

April 25, 2024
by BN Writer

The low-cost carrier is demanding the EU carries out reforms to ensure travel continues undisrupted

Valletta ranks 8th most expensive European capital city to live in – study

April 24, 2024
by Fabrizio Tabone

While London is the most expensive, Bucharest is the most affordable

KM Malta Airlines cancels flights between Malta and Paris on Thursday due to air traffic control strike

April 24, 2024
by Fabrizio Tabone

Impacted customers can opt for an alternative flight or apply for a full refund