Democratic Republic of Congo
Corporate Guide

Is there a requirement to declare beneficial ownership in Democratic Republic of Congo?

Yes. In the DRC there is a requirement to declare beneficial ownership.

Legal basis

Law No. 21/003 of 25 March 2021 on the Prevention of Money Laundering and Terrorist Financing.

Declaration obligations

Legal entities registered or operating in the DRC must declare their beneficial owners to tax authorities. The beneficial owners are defined as individuals who own or control the legal entity, directly or indirectly, through a chain of ownership or control.

Thresholds

The declaration obligation applies to beneficial owners who hold a direct or indirect ownership interest of 25% or more in the legal entity.

For publicly traded companies, the declaration obligation applies to beneficial owners who hold a direct or indirect ownership interest of 10% or more.