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HOUSE USE ONLY CHAIR: WITH 4th SESSION, 64th GENERAL ASSEMBLY Province of Prince Edward Island 63 ELIZABETH II, 2014 BILL NO. 31 An Act to Amend the Registry Act Honorable Wesley J. Sheridan Minister
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Bill 31 registry is a government database where individuals or entities are required to declare their beneficial ownership information.
Entities such as corporations, partnerships, trusts, and other legal entities are required to file the bill 31 registry.
The bill 31 registry can be filled out online through the designated government website by providing accurate beneficial ownership information.
The purpose of the bill 31 registry is to increase transparency and prevent money laundering and tax evasion by identifying the individuals who ultimately own or control a legal entity.
The information that must be reported on bill 31 registry includes the names, addresses, and percentage of ownership of the individuals who ultimately own or control a legal entity.
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