UBO - Beneficial owners: Obligation to update data

📢 News UBO - Beneficial owners: Obligation to update data on beneficial owners From October 1, 2025, new obligations from the Law on the Central Register of Beneficial Owners ("Official Gazette of RS", no. 19/2025, 51/2025 and 60/2025 - correction) will come into force. All companies registered in Serbia are required to check, update and document information about their beneficial owners, and the deadline for submission is November 30, 2025. We recommend that you prepare the complete documentation no later than October 15, so that you have enough time for organization. Mandatory documentation includes: 📌 Graphic representation of the ownership structure - the entire ownership chain up to the natural person (real owner); 📌 Current registration statements (not older than 6 months); 📌 Copy of passport or identity card of the real owner; 📌 Founding act or ownership agreement (if it is not clearly visible from the extract); 📌 Exceptionally - Statement of ownership structure, as a last resort. ⚠️ Important: if the competent authority requests documentation, it must be submitted within 3 working days. Non-compliance can lead to fines from RSD 500,000 to RSD 3,000,000, the publication of the company on the list of non-compliant entities, and even criminal liability. Any change in the ownership structure must be reported within 30 days, and documentation must be kept for at least 10 years, in accordance with the Law on Archives. 👉 Our recommendation Do not wait for the last minute. Prepare documentation in advance and ensure timely compliance with the law. If you need help with data preparation or registration, contact the VRB Team and ensure safe and timely compliance.