North Macedonia: Disclosure requirements, ultimate beneficial owners

North Macedonia: Disclosure requirements

The North Macedonia register of ultimate beneficial owners (UBO) is effective as of 27 January 2021. Accordingly, subject entities must comply with the UBO disclosure requirement within three months.


Related content

Although there are certain exemptions from the UBO disclosure requirements, most entities must disclose information about their UBOs and the manner of controlling the entity. Non-compliance with the UBO disclosure requirement may result in financial sanctions and penalties.

Read a 2021 report prepared by the KPMG member firm in North Macedonia

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal