The Registries National Directorate issued Informative Circular DNR No. 008-2021, in which it makes known to the existing mercantile companies in Nicaragua, that as of Monday, April 19, 2021, the new Final Beneficiary Registry will start operations.
Therefore, it is necessary to remember that the law establishes that prior to the declaration of the final beneficiary, each company must update its basic information before the Mercantile Registry and for this purpose the following schedule has been indicated:
- Commercial Companies whose company name begins with the letters A – H must update their basic information and declare its Final Beneficiary in the period between April 19, 2021 and October 18, 2021;
- Commercial Companies whose company name begins with the letters I – Z must update their basic information and declare its Final Beneficiary in the period between October 19, 2021 and April 18, 2022.
Consequently, we recommend complying with the above in due time and form, in order to avoid sanctions that harm the normal development of the activities of the company.
If you have any questions or doubts about it, do not hesitate to contact us.