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Through Circular No. 008-2021 issued by the National Directorate of Registries, as of April 19, 2021, the Registry of the Ultimate Beneficial Owners (UBO) of companies in Nicaragua began to operate.
Corporations must update their basic and beneficial owner information by filling out a form as follows:
Ordinary: Every 12 calendar months, stating whether or not there are changes or amendments to their basic information and UBO.
Extraordinary: When there is any change that modifies or amends their Articles of Incorporation or bylaws that affects their basic information and the identification of their UBO.
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