The acronym RCBE stands for Central Register of Beneficial Ownership (in portuguese language) and is an obligation that states who the beneficial owners are. In this sense, the following are considered to be beneficial owners all those who control, through shareholdings or other means provided for in article 30 of Law 83/2017, of August 18, a company, business entity, civil society, cooperative, association, foundation, fund or a trust. Para que sejam evitadas fraudes foi criada esta declaração para que seja obrigatório identificar os beneficiários efetivos da organização.
Esta declaração é requested 30 days after the commercial registration, that is, after a company has been created and must be updated whenever there is any change in the information contained in this statement. Penalties for non-compliance include, in addition to fines of up to €50.000, the impediment to compete for the concession of public services or to benefit from the support of European funds.
To complete the RCBE, you must go here and follow the following steps: