Sign up for tax alert emails    GTNU homepage    Tax newsroom    Email document    Print document    Download document

June 5, 2024

Algeria | Registration of beneficial owners has upcoming deadline

Legal entities established in Algeria prior to the publication of Executive Decree No. 23-429 of 30 November 2023 face a 30 November 2024 deadline to comply with certain ownership reporting obligations.

Executive Decree No. 23-429 of 30 November 2023 introduced the public register of beneficial owners for legal entities incorporated under Algerian law. Legal entities set up prior to the date of publication of Executive Decree No. 23-429 must comply with the reporting obligation by 30 November 2024.

Affected entities and their obligations

Algerian legal entities are obligated to declare their beneficial owner(s) in the "Register of beneficial owners" of the National Trade Register Center (CNRC) to which their registered office is affiliated, by filing a specific form provided by Executive Decree No. 23-429.

The reporting obligation applies to legal entities incorporated under Algerian law and registered in the Trade Register, with the exception of legal entities in which the Algerian State holds the majority capital share and legal persons governed by public law.

Beneficial owners

Beneficial owners are defined as natural persons:

  • Who own or control the customer, the customer's agent or the beneficiary of life insurance contracts
  • On whose behalf a transaction is carried out or a business relationship is established
  • Who, as a last resort, exercises effective control over a legal entity

Furthermore, a natural person is identified as a beneficial owner of a legal entity if they meet any of the following criteria:

  1. Directly or indirectly holds 20% or more of the entity's share capital or voting rights
  2. Exercises control, directly or indirectly, over the board of directors and executive officers — if there is uncertainty regarding the identity of the beneficial owners; this includes those with the power to participate in decision making at general meetings and the right to appoint and dismiss members of the entity's management bodies (board of directors, executive board, supervisory board)
  3. Is the legal representative of the entity — if criteria 1 and 2 fail to identify the beneficial owner

Compliance requirements for legal entities to declare their beneficial owner

The beneficial owner declaration can be made electronically using the National Trade Register Center's online platform.

Legal entities are required to declare their beneficial owner(s) to the National Commercial Register Center within the month following the legal entity's establishment or registration.

Legal entities set up prior to the date of publication of Executive Decree No. 23-429 (i.e., 30 November 2023) must comply with the reporting obligation within one year of the date of its publication in the Official Gazette.

Furthermore, if the legal entity has more than one beneficial owner, a separate declaration form must be provided for each beneficial owner.

Maintenance of information

At the entity level, all declared information must be kept in a dedicated register, also known as the register of beneficial owners. Even if the entity becomes deregistered from the trade register, or its beneficial owners change, the entity's representatives or shareholders should retain the information and supporting documents for a period of five years.

Additionally, if there are any changes in the information concerning the legal entities or their beneficial owners, these updates must be reported within one month of the change. This ensures that the register remains accurate and up to date, facilitating transparency and compliance with legal requirements.

* * * * * * * * * *
Contact Information

For additional information concerning this Alert, please contact:

Ernst & Young Advisory Algérie

Published by NTD’s Tax Technical Knowledge Services group; Carolyn Wright, legal editor

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.


Copyright © 2024, Ernst & Young LLP.


All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.


Any U.S. tax advice contained herein was not intended or written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.


"EY" refers to the global organisation, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.


Privacy  |  Cookies  |  BCR  |  Legal  |  Global Code of Conduct Opt out of all email from EY Global Limited.


Cookie Settings

This site uses cookies to provide you with a personalized browsing experience and allows us to understand more about you. More information on the cookies we use can be found here. By clicking 'Yes, I accept' you agree and consent to our use of cookies. More information on what these cookies are and how we use them, including how you can manage them, is outlined in our Privacy Notice. Please note that your decision to decline the use of cookies is limited to this site only, and not in relation to other EY sites or Please refer to the privacy notice/policy on these sites for more information.

Yes, I accept         Find out more