Central Register of Beneficial Ownership of Trusts

Anti-Money Laundering legislation requires each European Union (EU) Member State to establish a Central Register of Beneficial Ownership of Trusts (CRBOT).

The purpose of the CRBOT is to help prevent money laundering and terrorist financing by improving transparency on who ultimately owns and controls Irish trusts.

The CRBOT will contain details of relevant trusts and their beneficial owners. Trustees must submit these details to Revenue, who will manage the CRBOT. For information on how to register please see how to register for CRBOT section.

Note

Revenue’s role in managing the CRBOT is separate from its role in tax and customs administration. Revenue records will not be used to update the register. The CRBOT is a standalone register and each trust will be given a separate Trust Register number.

The Registrar

Revenue has appointed Mr Patrick O’Connor as the Registrar. The Registrar is supported by a number of Assistant Registrars.

Registration deadline

For trusts that were established on or before 23 April 2021, the registration deadline was 23 October 2021. Trusts created after 23 April 2021 must be filed within 6 months of their creation.

Note

Revenue recognises that there may be genuine difficulties for some trustees in registering their details by this date.

Where best efforts are being made to register, trustees are reminded that they can register their details after the 23rd October. Such instances will not be considered a failure to comply with the requirement to register, provided trustees complete their registration within a reasonable period. 

For information on who will access the CRBOT and why, see the inspecting the CRBOT section.

Relevant Legislation

The legislation that specifically applies to the CRBOT is: