CTA significantly narrowed to apply only to non-US entities that register to do business in the US.

On Friday March 21, the Financial Crimes Enforcement Network (FinCEN) issued awaited guidance, further updating (and significantly narrowing) the Corporate Transparency Act (CTA).  Newly released guidance provides that the CTA shall now only apply to "those entities that are formed under the law of a foreign country AND that have registered to do business in any U.S. State or Tribal jurisdiction by the filing of a document with a secretary of state or similar office (formerly known as “foreign reporting companies”).  

Therefore, according to FinCEN's press release, "all entities created in the United States ... and their beneficial owners will be exempt".   With this March 2025 Final Rule, the CTA only applies to non-US entities (i.e., foreign entities) that register to do business in the US.    

Further information is available from FinCEN:

• The press release regarding an interim final rule that removes the requirement to file for all US entities
• The Final Rule