The details on beneficial owners (owners of companies) are registered in the Finnish Trade Register from 1 July 2019

Most companies must file a notification of their actual beneficial owners with the Finnish Trade Register. For example, all limited liability companies and co-operatives must file a notification.

The Act on Money Laundering defines beneficial owner as a person who either owns a company or otherwise exercises control over the company. In most cases, a beneficial owner is the owner of the company. Read more: Who is a beneficial owner?

On this page, you will find answers to the following questions about beneficial owners:

When must the details be filed?

Companies must file a notification of their beneficial owners with the Trade Register during the period from 1 July 2019 to 1 July 2020, and after that whenever the details change or a new company is set up.

Please note: The company must file a notification even if the company has no beneficial owners defined in the Act on Money Laundering or the company does not know them.

Which companies must file a notification of their beneficial owners?

Some companies must file a notification of their beneficial owners for registration. Certain companies and organisations do not file such a notification.

Companies liable to file
a notification of beneficial owners
Companies liable
to file a notification only
if the beneficial owner is not a partner
Companies and organisations
not liable to file a notification of beneficial owners
limited liability company,
public limited company
general partnership listed company
co-operative limited partnership private trader
mutual insurance company,
public mutual insurance company

housing company
savings bank mutual real estate limited company
co-operative bank association
tenant-owners' society
foundation
insurance association
religious community
European economic interest grouping
mortgage society
European company (Societas Europaea)
insurance company,
public insurance company

The branch of a foreign trader must file a notification of beneficial owners in accordance with the legislation of the trader’s home country.

General partnerships and limited partnerships do not usually have to file a notification of beneficial owners. Notification is required only if the beneficial owner is not a partner in the company.

Listed companies and private traders do not file a notification of beneficial owners.

Housing companies, mutual real estate limited companies, foundations, religious communities and associations do not file a notification.

How to file a notification

Filing the details of beneficial owners is free of charge.

File your notification of beneficial owners using the online service at ytj.fi. Any changes to the details should also be filed online.

Please note that the online service is available in Finnish and in Swedish.

To use the online service, you need to have a Finnish personal identity code and either personal internet banking codes or a mobile certificate or an electronic identity card (HST card). Read our instructions on how to file a notification.

File your notification online in Finnish or in Swedish.

File your notification online


What details are registered about beneficial owners ?

The following details on beneficial owners are entered in the Trade Register:

  • name
  • Finnish personal identity code, or date of birth
  • citizenship
  • municipality of residence, or home country and home address for a person living abroad
  • grounds for and extent of the control or the share of ownership.
Read more in the privacy statement for beneficial owner details.

Who can get access to the details?

Unlike other details entered in the Finnish Trade Register, the details on beneficial owners are not public. However, the information about the registration of notifications of beneficial owners is public.

Only parties with a purpose of use in accordance with the Act on Money Laundering can obtain the details from the PRH. The party requesting the details must report the purpose for which the details will be used by submitting a form the PRH has drawn up for this purpose.

The details are subject to a charge.

Read more in Finnish or in Swedish.

Where can I see if the details on the beneficial owners of my company have been registered?

In our Virre Information Service, you can run a Published entries search by the Business ID to see if there is a notification of beneficial owners registered for your company.

In the results of the Published entries search, you can see the registration of a notification of beneficial owners indicated by “Beneficial owners" in the Registered matter column. Go to Virre Information Service.

Why are beneficial owners registered?

The Finnish Act on Money Laundering and the underlying EU directive on money laundering require that companies and organisations

  • identify their actual beneficial owners
  • file the beneficial owners’ details for registration, and
  • keep the details up to date.

See the legislation for more information

Actual beneficial owner is defined in chapter 1, sections 5–7 of the Finnish Act on Money Laundering.

Provisions on registering the actual beneficial owners of companies are laid down in the Finnish Trade Register Act.

Provisions on registering the executive committee members of associations are laid down in the Finnish Associations Act.

Provisions on registering the members of the committee of directors in religious communities are laid down in the Finnish Freedom of Religion Act.

Provisions on registering the members of the board of trustees and the supervisory board in foundations are laid down in the Finnish Foundations Act.

Read more in the reference database of Finnish legislation Finlex in Finnish or in Swedish.

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Latest update 16.07.2019