The purpose of creating the UBO Register in Spain is to ensure an effective and efficient fight against money laundering and the financing of criminal activities by providing access to information about beneficial ownership, as well as the formation of mutual channels of information about UBOs at the European level.
All companies will be required to provide the following information about the ultimate beneficial owners:
- Name and surname;
- date of birth;
- type and number of the identity document;
- the country of issuance of the identity document;
- place of residence;
- citizenship;
- email address;
- the criteria that qualify this person as the ultimate beneficial owner.
The UBO register is a public register, and therefore the information contained in it can be accessed:
- state bodies;
- to notaries;
- other relevant organizations;
- to any third party.
Prior identification of the applicant and proof of legitimate interest is required to obtain the information. Such legitimate interest is allowed for:
- mass media;
- organizations engaged in the prevention of money laundering and terrorist financing;
- interested legal entities;
- beneficial owners
It is important to note that only current information (with the exception of historical beneficial ownership data) will be available to such persons.
Royal Decree 609/2023 will enter into force on September 19, 2023.