47,000 companies have not filed their beneficial owner details – the PRH deregisters companies that have not filed their beneficial owner details by 20 November 2024
The Finnish Patent and Registration Office (PRH), which maintains the Finnish Trade Register, will deregister companies that have not filed their beneficial owner details despite requests to do so. This week, the PRH made an entry in the Finnish Trade Register of limited liability companies and co-operatives that have not filed their beneficial owner details despite the request. These companies will be ordered into liquidation or removed from the Finnish Trade Register if they do not file their notification of beneficial owners by 20 November 2024.
Deregistration will take place in December 2024.
See the companies at prh.fi that may be removed from the Finnish Trade Register:
- The reminder was recorded in the register details on 5 August 2024, in Finnish.
- The reminder was recorded in the register details on 5 August 2024, in Swedish.
According to the Finnish Trade Register Act, all limited liability companies and co-operatives must file details of their beneficial owners (people with an ownership interest or control in the company) with the Trade Register. This does not apply to listed companies or mutual real estate limited companies.
Companies have had several years to file the notification
The PRH has registered beneficial owner details of companies since July 2019. Around 280,000 companies are obligated to file a notification of beneficial owners, which is free of charge, and keep the details up to date.
The PRH has reminded companies to file their notification of beneficial owners by sending them letters, publishing information on the PRH website and in several other ways. Despite this, around 47,000 companies on the Finnish Trade Register have not filed the notification required by law.
Our deregistration and liquidation process follows the procedure set out in the Finnish Limited Liability Companies Act, Co-operatives Act and Trade Register Act.
If the company is removed from the Finnish Trade Register, the company may appeal the decision at the Helsinki Administrative Court.
Read more about the deregistration procedure in our media package (attached, in Finnish) and on the prh.fi website (in English).
EU financing has been used to implement the deregistration of companies that have neglected to submit their notification of beneficial owners.
For further information, please contact
Sami Sihvonen
Legal Officer
Finnish Patent and Registration Office (PRH)
Tel. +358 29 509 5043
Email: firstname.lastname@prh.fi
About us
We work for the benefit of companies and organizations.
We register companies, associations, foundations and other organizations and corporations, as well as enterprise mortgages and LEI codes. We examine and grant patents and register utility models. We also register trademarks for products and services and provide design protection. We oversee and approve auditors and monitor foundations and the collective management of copyright.
We offer our customers advisory services and courses. We give information about companies, organizations, corporations and immaterial rights.
Our office is an International Searching Authority (ISA) and International Preliminary Examining Authority (IPEA) for international PCT patent applications.
Our office comes under the administrative sector of the Ministry of Economic Affairs and Employment (MEAE), and we negotiate each year with the MEAE on our performance targets. Our office is subject to net budgeting, meaning that about 95% of our expenses are covered by the income we make from our services.
Read more: https://www.prh.fi/en/presentation_and_duties.html
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