ORCOM US, your trusted partner in meeting the critical regulatory requirement of Beneficial Ownership Information (BOI) in the United States. Our specialized BOI filing service is designed to help businesses comply efficiently with this obligation by ensuring the accurate collection, verification, and submission of the required information. On March 26, 2025, a final rule was adopted (effective immediately) exempting U.S. entities from the obligation to provide beneficial ownership information, while maintaining the requirement for foreign companies operating in the United States.
What is Beneficial Ownership Information (BOI)?
BOI is a regulatory requirement imposed by the U.S. Financial Crimes Enforcement Network (FinCEN). This requirement is intended to identify the beneficial owners of foreign companies, meaning the individuals who either own or exercise substantial control over a foreign entity registered to do business in the United States.
Who is subject to BOI reporting?
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Initially (2024), all “reporting companies” (both domestic and foreign) were required to file a BOI report with FinCEN.
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As of March 2025, U.S. entities (“domestic reporting companies”) are exempt.
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Only foreign entities registered to do business in the United States (“foreign reporting companies”) are still required to file a BOI report.
Why is BOI important?
BOI is crucial for enhancing financial transparency and combating criminal activities such as money laundering and terrorism financing. By identifying beneficial owners, authorities can better understand the true ownership of companies and prevent illegal activities.
Our Service
ORCOM US offers a comprehensive BOI reporting service designed to meet the specific needs of your business. Here’s what our service includes:
- Accurate data collection: We assist you in gathering all necessary information about the beneficial owners of your company, including their names, addresses, social security numbers, or other government-issued identifiers.
- Rigorous verification: Our team carefully verifies all collected information to ensure its accuracy and compliance with regulatory requirements.
- BOI report preparation: We meticulously prepare the necessary BOI reports, including all required information in a clear and precise manner.
- Timely submission: We ensure that BOI reports are submitted within the specified deadlines, thus ensuring your regulatory compliance.
- Ongoing advice and assistance: Our team remains available to provide guidance and ongoing assistance throughout the BOI reporting process, helping you successfully navigate this new regulatory landscape.
Compliance Deadlines
Il est essentiel de respecter les délais fixés pour la conformité à l’obligation du Beneficial Ownership Information (BOI).
It is essential to meet the deadlines set for compliance with the Beneficial Ownership Information (BOI) requirement.
Since March 2025, only foreign companies registered in the United States (“foreign reporting companies”) remain subject to the BOI filing obligation with FinCEN.
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Foreign companies registered before March 26, 2025: must submit their first BOI report no later than April 25, 2025.
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Foreign companies registered on or after March 26, 2025: must file their initial BOI report within 30 calendar days following official confirmation of registration.
At ORCOM US, we assist you in ensuring that your BOI obligations are met on time, helping to minimize the risk of penalties and providing complete peace of mind.
