Beneficial owners
Last updated: 9 July 2025.
The Register of Beneficial Owners has opened for registration.
Businesses and other legal persons can from this date onwards register information about beneficial owners.
Beneficial owners are natural persons who in the last instance own or control an organisation. The organisation can have one, several or no beneficial owners.
The obligation to register beneficial owners takes effect on 1 October 2024, but the rule regarding the coercive fine does not apply until 31 July 2025.
The Register of Beneficial Owners has been established as a measure to counter money laundering, terrorist financing, and economic crime. The purpose of the register is to provide an overview of who actually controls businesses.
Check if your business must register beneficial owners:
Both the Register on Beneficial Owners Act and the Money Laundering Act use the term beneficial owners, but have slightly different criteria to identify a beneficial owner.
Frequently asked questions:
On 1 August, the regulations regarding coercive fine will come into force. This means that we can levy day fines for the organisations that have not reported information about beneficial owners. The organisation will be notified through Altinn prior to this.
No, we cannot postpone the deadline.
Yes, you do. Irrespective of whether or not there is any activity, all organisations obliged to report this information must submit the form.
If your organisation is going to be closed down, it will be sufficient for you to submit the notification to dissolve the organisation within 31 July 2025 in order to avoid coercive fine.
In addition, it will be a condition that the deletion of the organisation is completed in The Central Coordinating Register for Legal Entities/The Register of Business Enterprises within 31 December 2025.
For NUFs, jointly owned shipping companies and associations it will be sufficient to submit the coordinated register notification about deletion within 31 July 2025 in order to avoid coercive fine.
No, the form for beneficial owners exists only in a digital version in Altinn.no. There are several ways to submit the form:
- The accountant and the auditor can submit the form on the organisation’s behalf.
- Some systems can provide a service through which it is possible to submit the form. If you use this type of system, you can check with the supplier whether this is a possibility.
Everyone registered with some kind of role in The Central Coordinating Register for Legal Entities, can retrieve an electronic ID. In order to submit the form, you need a login with security level 3 (as a minimum), which corresponds to MinID. How to retrieve an electronic ID (digdir.no).
The management, the accountant and the auditor can check this, in the organisation’s inbox in Altinn.
- Organisations who have registered information about beneficial owners will receive a confirmation letter in their inbox in Altinn. Together with the confirmation letter, there will be a register transcript confirming the registered information.
- In the organisation’s archive in Altinn, you will also find an archived version of the submitted form: Register beneficial owners, once the organisation has submitted the form.
If you can’t find either of these, then the organisation has most likely not submitted the form. We cannot check this for you, as this information is excempt from public disclosure.
Yes, you can check this on My page.
You should consider whether or not there are anyone executing rights as shareholders meaning that they qualify as beneficial owners. If so, they can be registered as beneficial owners, and the information can be updated a soon as this is sorted.
If no one has this type of rights, it is possible to either:
- Register that the organisation does not have beneficial owners, if this was the only beneficial owner, or
- Register the other beneficial owners without reporting anything related to these particular shares, if there are other beneficial owners
and then update the information later.
We cannot say specifically when each organisation will be notified, but the organisation will receive a notification in Altinn with a three week deadline to submit its information, prior to the day fines being started.