By Vanessa Cardoso Pires, Carolina França Barreira, Rita Cabral Anunciação, Francisco Cabral Matos

Ministerial Order 233/2018, of 21 August 2018 (“Ministerial Order 233/2018”), which regulates the legal regime of the Beneficial Owner Central Register (“BOCR”), enacted by Law 89/2017, of 21 August 2017 (“Law 89/2017”), enters into force today.

The new statute sets a deadline for the entities subject to the BOCR to submit the initial declaration regarding the beneficial owner(s).