Beneficial Ownership Information Report (BOIR)
Beneficial Ownership Information Report for Foreign Companies Only
$100.00
Beneficial Ownership Information Report (BOIR) – Filing for Foreign Companies Only
As of recent regulatory changes, the Beneficial Ownership Information Report (BOIR) is now required only for foreign companies registered to do business in the United States. U.S.-based companies (LLC, Corporation, S-Corp) are no longer required to file this report.
✔️ Who Must File:
Foreign companies registered or operating in the U.S.
🗓 Filing Deadline:
By April 25, 2025, or within 30 days of registration in the U.S.
⚠️ Penalties for Non-Compliance:
Fines of up to $500 per day
Possible criminal penalties
🛠 Our Services Include:
Preparing and filing BOIR via the FinCEN system
Compliance review
Guidance on ownership structure
Service Fee: from $100
In 2021, Congress passed the Corporate Transparency Act on a bipartisan basis. This law creates a new beneficial ownership information reporting requirement as part of the U.S. government’s efforts to make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies or other opaque ownership structures. On January 1, 2024, new guidelines set up by the Corporate Transparency Act (CTA) took into effect. CTA creates new standards and guidelines for company ownership reporting. Required companies are to fill out a Beneficial Ownership Information Report (BOI) with the U.S Treasury Departments’ Financial Crimes Enforcement Network (FinCEN). Failure to comply with the new CTA guidelines can result in criminal penalties of $500 a day, capped at $10,000 total fine and up to 2 years imprisonment. If you own a business, you can review FinCEN’s beneficial ownership reporting requirements at their website (www.fincen.gov/boi).