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Bolivia Introduces New Final Beneficiary Reporting Requirements

20 August 2024

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Approved Changes

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Bolivia

Bolivia Published Supreme Decree No. 5200 in the Official Gazette on 14 August 2024, which introduces new requirements for reporting information on the identity of final beneficiaries. The requirements apply to companies registered in Bolivia's Commercial Registry, which must provide information identifying their final beneficiaries to the Plurinational Commercial Registry Service (Servicio Plurinacional de Registro de Comercio - SEPREC). For this purpose, final beneficiaries are identified according to Article 17 of Supreme Decree No. 4904 of 5 April 2023, which established that final beneficiaries are the natural person(s) who owns or controls a company and/or the natural person on whose...